Topic filter : London Property

Most trending topics in Business & Finance ( last 24 hours ):
Uber Investigation Flight Consignment Coca-Cola Samsung Galaxy Samsung Game Stake Tencent Tesla Ford Lawsuit Dispute Social Media Legal Action Brewer Brexit Prime Minister Financial Crisis Nuclear Atomic Energy Nuclear Energy Bankruptcy Protection Bankrupt Manipulation Current Account Donald Trump Tourism Partnership FTSE 100 Investor Financial Conduct Authority Serious Fraud Office Tesco More Expensive Supermarket Stock Market Inflation Pension Fraud

Socially Most Trending News

....The Metropolitan police have said that more than £180m of British property held by offshore vehicles has been put under criminal investigation in the past decade as the likely proceeds of corruption. One example of London property being used to allegedly launder the proceeds of corruption occurred in the case of James Ibori, the former governor of Delta state in Nigeria, who was jailed in 2012 on money-laundering and corruption charges which involved him taking £50m while in office. ... [Read full article on Guardian ]
Sunday 5th of March 2017 12:04:29 AM
Total Trend count
172
Most trending on :
160 12
.... . "Last year's London property market was severely impacted by an unprecedented sequence of events with changes to stamp duty and the EU referendum vote leading to a substantial reduction in property sales transactions, especially in central London," said chief executive Nic Budden. ... [Read full article on BBC ]
Wednesday 8th of March 2017 08:06:35 AM
Total Trend count
78
Most trending on :
66 11 1
....There has already been a sharp slowdown in the buy-to-let sector with the number of landlord loans down 21 per cent last year, according to the Council of Mortgage Lenders. Andrews says this has knocked London property prices and the slowdown could ripple across the country. ... [Read full article on Daily Express ]
Sunday 5th of March 2017 12:01:00 AM
Total Trend count
39
Most trending on :
37 2
....Nick Candy said there was a distinction between the two companies’ projects, to which Stewart said: “Mr Candy, it is pure fantasy, isn’t it?” Candy denied that this was the case. Stewart pointed to an email sent by Nick Candy about the possibility of his brother and himself becoming involved in Holyoake’s plans to develop luxury London property Grosvenor House Gardens. ... [Read full article on Guardian ]
Monday 13th of March 2017 07:17:14 PM
Total Trend count
4
Most trending on :
3 1

Latest Finance News related to London Property

Nick Candy denies claim he is jointly in charge of brother's CPC empire image
....Nick Candy said there was a distinction between the two companies’ projects, to which Stewart said: “Mr Candy, it is pure fantasy, isn’t it?” Candy denied that this was the case. Stewart pointed to an email sent by Nick Candy about the possibility of his brother and himself becoming involved in Holyoake’s plans to develop luxury London property Grosvenor House Gardens. ...
Foxtons sees property sales plunge as Brexit vote hits image
Source : BBC [Read Article] Wednesday 8th of March 2017 08:06:35 AM
.... . "Last year's London property market was severely impacted by an unprecedented sequence of events with changes to stamp duty and the EU referendum vote leading to a substantial reduction in property sales transactions, especially in central London," said chief executive Nic Budden. ...
£220,000: the price super-rich will pay to keep their privacy image
Source : Guardian [Read Article] Sunday 5th of March 2017 12:04:29 AM
....The Metropolitan police have said that more than £180m of British property held by offshore vehicles has been put under criminal investigation in the past decade as the likely proceeds of corruption. One example of London property being used to allegedly launder the proceeds of corruption occurred in the case of James Ibori, the former governor of Delta state in Nigeria, who was jailed in 2012 on money-laundering and corruption charges which involved him taking £50m while in office. ...
Buy-to-let landlords face huge tax increase from new law image
Source : Daily Express [Read Article] Sunday 5th of March 2017 12:01:00 AM
....There has already been a sharp slowdown in the buy-to-let sector with the number of landlord loans down 21 per cent last year, according to the Council of Mortgage Lenders. Andrews says this has knocked London property prices and the slowdown could ripple across the country. ...
Foreign billionaires in London choosing to rent to avoid stamp duty image
Source : Guardian [Read Article] Sunday 12th of February 2017 04:04:20 PM
....Some owners who had listed their luxury properties for sale are choosing to let them out instead. Rupert Bradstock, a partner at a luxury London property investment fund, said he and his partners decided to rent out all of the multimillion-pound Kensington homes the fund had bought rather than sell them. ...
Parody-defying World Economic Forum must do better image
Source : Guardian [Read Article] Wednesday 11th of January 2017 07:33:53 PM
.... Perhaps it is time to revisit this thesis – not the charmless part, naturally, but the idea that Foxtons is as slick as supposed. The latest profit warning on Wednesday revealed how far Foxtons has fallen in these “subdued” times for the London property market. ...
Top London property prices 'pushed down by taxes and Brexit vote' image
Source : Guardian [Read Article] Thursday 5th of January 2017 11:24:11 AM
. Higher taxes and jitters over the EU referendum pushed down high-end London property prices last year as sellers accepted more “realistic” offers, according to upmarket estate agent Savills. ...
UK house prices to rise marginally in 2017, says Halifax image
Source : Guardian [Read Article] Wednesday 28th of December 2016 12:01:20 AM
....Tom Bill, Knight Frank’s head of London residential research, said: “Wider economic sentiment has been overshadowed by the UK’s decision to leave the European Union and the election of Donald Trump. However, the more mundane reality of fiscal policy remains the single biggest curb on demand in the prime London property market. ...
UK office construction forecast to plunge after Brexit vote image
Source : Guardian [Read Article] Tuesday 6th of December 2016 02:29:49 PM
....While the Brexit vote came as a shock in June, other events such as the election of Donald Trump in the US and the upcoming elections in France and Germany next year meant that the UK is regarded as somewhat less risky than before, he added. With London property so expensive, investors from the Middle East have been hunting for cheaper deals outside the capital, in places such as Birmingham, Edinburgh, Glasgow and Bristol. ...
Human rights abusers who buy London homes could have assets seized image
Source : Guardian [Read Article] Sunday 4th of December 2016 10:45:24 PM
....The Home Office says the bill, introduced in October, will significantly improve the government’s ability to tackle money laundering and corruption, recover the proceeds of crime and impact upon terrorist financing. It follows an anti-corruption summit hosted by the then prime minister David Cameron in May and revelations in the Panama Papers that foreign autocrats and their families used offshore structures to buy London property. ...
Berkeley Group boosts profits by 34% image
Source : Guardian [Read Article] Friday 2nd of December 2016 08:15:56 AM
....“This sends a clear message out that Berkeley feels its own stock looks cheap at the moment. “With significant uncertainty around the London property market, this confidence is reassuring for investors. ...
Countrywide warns over profits amid housing slowdown image
Source : Guardian [Read Article] Thursday 24th of November 2016 08:56:50 AM
. Shares in the UK’s biggest chain of estate agents slumped by more than 12% after the company reported a big drop in London property transactions and warned that Brexit was undermining buyers’ confidence. ...
Royal Mail shareholders unhappy as shares fall seven per cent in first-half results image
....Progress on cost-cutting is being delivered, if slowly. The group isn’t heavily indebted and the balance sheet is underpinned by a substantial London property portfolio. ...
Housing Ladder arcade game has players dodging buy-to-let investors image
Source : Guardian [Read Article] Thursday 17th of November 2016 07:00:42 AM
....“Entire London squares are now dark at night because no one lives there. London property has become a magnet for money laundering. ...
Beware the pitfalls that could ground your Airbnb rental plans image
Source : Guardian [Read Article] Sunday 9th of October 2016 06:00:04 AM
....As a result of all these issues, most landlords ban subletting on a short-term basis in their tenancy agreements, which means tenants who host on Airbnb face eviction. But even if you don’t have a landlord, a lease, a London property, a mortgage or an irate neighbour, you may still fall foul of your insurer. ...
Born lucky? Children of the 60s, 70s and 80s on buying their first homes image
Source : Guardian [Read Article] Saturday 8th of October 2016 06:00:35 AM
.... Just when I began to settle into having secure employment from 36-41 the screws were tightening in the higher education sector and I had a baby, which wasn’t a great mix, and I went freelance. But because of the London property market, and the fact I bought flats and worked on them, I feel quite asset rich, which is a joke really – I’m not compared with many people who are more solidly middle class. ...
London mayor launches unprecedented inquiry into foreign property ownership image
Source : Guardian [Read Article] Thursday 29th of September 2016 02:09:05 PM
....One key aim of the research will be shining a light on who is investing and where the money originates from. Khan said: “We urgently need more transparency around overseas money invested in London property. ...
Prime London property prices to fall 9% this year, says Savills image
Source : Guardian [Read Article] Wednesday 21st of September 2016 10:29:25 AM
.... It said these markets had been heavily impacted by changes to stamp duty, including April’s 3% surcharge affecting landlords and second-home buyers, and by uncertainty over the government’s Brexit negotiations. As a result, prime central London property prices were expected to end this year down 9%, said Savills. ...
New Zealand tops world house price increase image
Source : Guardian [Read Article] Tuesday 6th of September 2016 05:51:47 PM
....9% over the year. That’s just under £560,000 and higher than the average London property price of £472,384 according to data. ...
House prices to fall 1% in 2017, predicts Countrywide image
Source : Guardian [Read Article] Sunday 21st of August 2016 11:01:29 PM
....Countrywide’s prediction of a relatively modest fall in prices – back to the level in early 2016 – contrasts with gloomier analysts who argue the vote for Brexit will burst a bubble that has been building for years. Economists at the French bank Société Générale said last month London property prices could plunge by more than 30% and be slashed in half in the capital’s priciest boroughs. ...

Forget QE. Theresa May should cut taxes if she wants to drive growth
 image
Source : Telegraph [Read Article] Thursday 11th of August 2016 06:33:22 PM
.... It pushes prices up, via higher inflation which hits the poorest hardest. Meanwhile the price of vintage Ferraris, of prime London property, of gold and diamonds all hit the stratosphere. ...
Home ownership in England at lowest level in 30 years as housing crisis grows image
....Home ownership in England has fallen to its lowest level in 30 years as the growing gap between earnings and property prices has created a housing crisis that extends beyond London to cities including Manchester. The struggle to get on the housing ladder is not just a feature of the London property market, according to a new report by the Resolution Foundation thinktank, with Greater Manchester seeing as big a slump in ownership since its peak in the early 2000s as parts of the capital, and cities in Yorkshire and the West Midlands also seeing sharp drops. ...
FTSE 100 rebounds to close day ahead image
Source : BBC [Read Article] Friday 29th of July 2016 09:24:11 AM
....29% after it reported a fall in half-year profits, blaming uncertainty around the UK's EU referendum for the drop. The company added it did not see any prospects of a recovery in the London property market before the end of the year. ...
Foxtons estate agency profits tumble amid Brexit vote image
Source : BBC [Read Article] Friday 29th of July 2016 08:28:38 AM
....1m during the same period a year earlier. There had been a "sharp contraction" in the London property market in the second quarter of the year, it said. ...
Property market hit by Brexit, real estate company warns image
Source : Guardian [Read Article] Friday 22nd of July 2016 09:34:31 AM
....LSL’s profit warning follows a similarly gloomy update from Foxtons soon after the referendum. The London-focused estate agent predicted concerns about Brexit would depress London property sales for the rest of this year. ...
Brexit could cut London house prices by more than 30%, says bank image
Source : Guardian [Read Article] Monday 18th of July 2016 10:58:39 AM
. London property prices could fall by more than 30% in the wake of Britain’s vote to leave the EU and may halve in the most expensive parts of the city, according to analysts at the French bank Société Générale. ...
MPs decry 'failed' effort to stop UK property money laundering image
Source : Guardian [Read Article] Thursday 14th of July 2016 11:01:24 PM
.... Vaz took his £100bn figure from the charity Transparency International but the report also cites evidence from Donald Toon, director of the economic crime command at the NCA, that it was likely to be “hundreds of millions of dollars”. Last year, Toon claimed the London property market had been skewed by laundered money and that prices were being artificially driven up by overseas criminals who wanted to sequester assets in the UK. ...
Major Singapore bank to suspend lending for London properties over EU leave vote image
....United Overseas Bank said it would “temporarily stop” issuing the loans because of heightened uncertainty following the Brexit decision. “As the aftermath of the UK referendum is still unfolding and given the uncertainties, we need to ensure our customers are cautious with their London property investments,” a spokeswoman said. ...
Singapore bank halts lending for London properties over Brexit vote image
Source : Guardian [Read Article] Thursday 30th of June 2016 08:03:06 AM
....United Overseas Bank said it would “temporarily stop” issuing the loans because of heightened uncertainty following the Brexit decision. “As the aftermath of the UK referendum is still unfolding and given the uncertainties, we need to ensure our customers are cautious with their London property investments,” a spokeswoman said. ...
Brexit: Singapore bank UOB suspends London property loans image
Source : BBC [Read Article] Thursday 30th of June 2016 03:28:27 AM
....". "As the aftermath of the UK referendum is still unfolding and given the uncertainties, we need to ensure our customers are cautious with their London property investments. ...
Easyjet and Foxtons warn of Brexit impact image
Source : BBC [Read Article] Monday 27th of June 2016 08:48:26 AM
....". The company said an expected upturn in the London property market in the second half of the year was "unlikely to materialise". ...
Foxtons and easyJet issue profits warnings following leave vote image
Source : Guardian [Read Article] Monday 27th of June 2016 07:03:16 AM
....Shares in Foxtons and easyJet have tumbled after both companies following warnings from both that damage to consumer confidence from the Brexit vote will hit profits this year. The London-focused estate agent lost 25% of its value on the stockmarket on Monday after it said the vote to leave the EU would depress London property sales for the rest of the year. ...
Some companies plan Brexit hiring freeze, says IoD image
Source : BBC [Read Article] Sunday 26th of June 2016 11:36:40 PM
....Easyjet said the vote meant "additional economic and consumer uncertainty is likely this summer" and it expected revenues to fall as a result. London-focused Foxtons said its annual earnings would be "significantly lower" than in 2015 and an expected upturn in the London property market in the second half of the year was "unlikely to materialise". ...
What does Brexit mean for you? Holidays, homes and jobs image
Source : Guardian [Read Article] Friday 24th of June 2016 12:51:10 PM
.... Peter Wetherell, a Mayfair estate agent, has predicted a “Brexit bubble” as buyers rush in to snap up property in London’s priciest neighbourhoods. “For overseas buyers, a big drop in the value of sterling will effectively offset the stamp duty and tax adjustments, and make prime London property a lucrative investment,” he said. ...
What does Brexit mean for you? Holidays, homes and jobs image
Source : Guardian [Read Article] Friday 24th of June 2016 10:28:03 AM
.... Peter Wetherell, a Mayfair estate agent, has predicted a “Brexit bubble” as buyers rush in to snap up property in London’s priciest neighbourhoods. “For overseas buyers, a big drop in the value of sterling will effectively offset the stamp duty and tax adjustments, and make prime London property a lucrative investment,” he said. ...
After Brexit  image
Source : BBC [Read Article] Friday 24th of June 2016 08:28:23 AM
.... . Now the UK has voted to leave that trend is likely to become much firmer - foreign buyers might be reluctant to invest the huge sums needed to buy prime London property when they don't know what the economic and political future holds. ...
House price fall could follow Brexit, say experts image
Source : Guardian [Read Article] Friday 24th of June 2016 06:25:16 AM
....But while the wider market may slow down, agents in the most expensive parts of London suggest that overseas buyers could rush in as sterling falls and reduces the cost to them of UK property. Peter Wetherell, who runs an estate agency in Mayfair, said the decision to leave could lead to a Brexit bubble in some parts of the London property market. ...
Executive pay is obscene – restructuring the economy is the only way to curb it | Paul Mason image
.... It is geared towards transferring wealth from the people who create it – that is, people who actually erect the steel girders and install the plate glass and save their money in pension funds – towards the people who already have it. It is geared to ensuring the interests of the property-developers are represented politically and not those of, say, people priced out of the London property markets by Berkeley Group’s infamous St George Wharf Tower, where hardly anyone actually lives. ...
The problem is not London's foreign investors – it's where their money goes image
....This isn’t about foreigners – British people themselves have also been shown to be using these back-channels to avoid paying tax on housing. The problem resides in the way London property is treated as gold bricks on which not a penny of tax is paid in this country. ...
Rents and property values would drop after Brexit, say landlords image
Source : Guardian [Read Article] Wednesday 18th of May 2016 11:01:09 PM
.... Last week, Christine Lagarde, the IMF’s managing director, warned that quitting the EU would result in “sharp falls” in house prices and on stock markets. The London property market would be particularly affected by Brexit, according to the NAEA/Arla report. ...
House prices fall in London’s luxury postcodes image
Source : Guardian [Read Article] Monday 16th of May 2016 11:01:27 PM
.... Across the city it said prices now average £533,000. Interest in prime London property has been cooling since December 2014 when changes to the stamp duty regime made it more expensive to buy homes costing £937,000 or more. ...
Zimbabwe’s trillion-dollar note: from worthless paper to hot investment image
. What’s been one of the best-performing investments of the past seven years? Shares in Facebook? London property? Bitcoin? Up there with the best, believe it or not, are Zimbabwean 100 trillion dollar notes. ...
Super-rich may quit London homes under new anti-corruption rules image
Source : Guardian [Read Article] Thursday 12th of May 2016 06:46:27 PM
. Super-rich international investors in London property are likely to sell off some of their mansions and penthouses after the introduction of anti-corruption rules cracking down on offshore secrecy, a leading estate agent has said. ...
Former garage in south-west London fetches £466,000 at auction image
Source : Guardian [Read Article] Monday 9th of May 2016 05:42:57 PM
. The London property market may have come off the boil but the sale of a former garage for £466,000 – £182,000 more than the average UK house price – suggests it is still simmering in some parts of the capital. ...
Former garage in south-west London fetches £466,000 at auction image
Source : Guardian [Read Article] Monday 9th of May 2016 05:42:57 PM
. The London property market may have come off the boil but the sale of a former garage for £466,000 – £182,000 more than the average UK house price – suggests it is still simmering in some parts of the capital. ...
£1.5m Battersea power station apartments held back from market image
Source : Guardian [Read Article] Thursday 21st of April 2016 03:44:39 PM
....Luxury £1. 5m apartments being built in the Battersea power station redevelopment are being held back from the market, as the downturn at the top end of the London property market hits sales. ...
Property crash fears as London loses its lure for foreign buyers image
Source : Daily Express [Read Article] Thursday 14th of April 2016 04:55:00 PM
.... But since then prices have jumped by an eye-watering 75 per cent, driven in large part by rich international investors lured in by the relative weakness of the pound and the chance to prosper from sky-rocketing rents. Soaring values cemented international perception that London property was a good means of growing money while stocks and other investments suffered. ...
Why younger people can’t buy a house: money became too cheap | Dominic Frisby image
.... Instead interest rates were slashed, so mortgages and other debts became incredibly cheap to service (great if you already had a mortgage). We got the great obfuscation that is quantitative easing; £375bn of newly printed money flowed into the financial sector and on into the London property in which it mostly lives. ...
London set for more than 35,000 new luxury homes in next decade image
Source : Guardian [Read Article] Monday 11th of April 2016 04:02:29 PM
....“As a consequence, some investors may eventually reposition these assets away from ‘prime’ housing and into premium office space, mixed use or even a greater number of smaller homes as they look to markets that offer a greater margin,” it said. Alarm bells have sounded at the top of the London property market, with changes to stamp duty cited as a factor behind a slowdown in sales. ...
The Guardian view on the Panama Papers: five days that shook the world | Editorial image
.... The lobbying and the tip-offs, for example, that HSBC provided to try and prevent the emerging Syrian war from separating President Bashar al-Assad’s cousin and intelligence chief, Rami Makhlouf, from his money. Then there were the disguised London property purchases and the hidden foundation planned for the daughters of Azerbaijan’s president, with the direct involvement of the minister of taxes in the latter scheme lending it a flavour of pre-revolutionary France. ...
The Panama Papers show why Britain needs to get its house in order | Mary Dejevsky image
.... When David Cameron and others talk, as they have done at length, about the need to clean up international finance, make global companies such as Google pay their tax and root out money laundering across the world, there is always snickering, if not outright laughter, in the aisles. Some of the biggest havens of dirty money, our critics argue, are British overseas territories and the London property market. ...
HOUSING SHOCK: Top London house prices take huge hit as capital's market CRUMBLES image
.... . Tom Bill, head of London residential research at Knight Frank, said: "There is a growing recognition on the part of vendors that the prime central London property market is no longer on the upwards trajectory it was in the years following the financial crisis. ...
Commuters save £3,000 on property each minute further out of London image
Source : Guardian [Read Article] Sunday 3rd of April 2016 03:38:21 PM
....”. Chick said Savills’ research was particularly pertinent because, after several years of rocketing London property values, prices in many towns surrounding London are now rising faster than in the capital. ...
Average price for flat rose £1,000 a month since financial crash image
Source : Guardian [Read Article] Friday 25th of March 2016 12:01:02 AM
....However, once London is stripped out of the figures the picture is very different: price growth for both terraced houses and semis is higher and flats are on average the cheapest types of homes to buy, at £157,401. The London property market has many more flats than the rest of the country, according to Halifax’s analysis of its house price database. ...
Just who owns what in London? image
Source : BBC [Read Article] Monday 21st of March 2016 12:10:30 AM
.... . They argue it is possible to use ill-gotten funds to buy property without much danger of being asked to account for it; they suggest this makes London property an easy way for wealthy foreigners to "launder" money and evade taxes. ...
I want to buy my son a flat, but I don't want to lose my money image
Source : Guardian [Read Article] Thursday 17th of March 2016 07:00:04 AM
. Q My son is stuck paying exorbitant rent and can’t ever see himself getting on the London property ladder. ...
EU vote uncertainty could slow UK housing market, Savills warns image
Source : Guardian [Read Article] Thursday 10th of March 2016 12:47:26 PM
.... This means on a £250,000 property, buyers will pay £10,000 of stamp duty rather than £2,500. BlackRock, the world’s biggest asset manager, warned of the impact of the EU referendum on the London property market last week. ...
Sadiq Khan: 'Make London property ownership transparent' image
Source : Guardian [Read Article] Wednesday 2nd of March 2016 07:25:57 PM
....Off-shore companies, primarily based in tax “safe havens” such as the Cayman Islands, can purchase property in London without having to disclose their owners. This allows owners to remain anonymous, giving cover to money coming from illegal sources – leading to concerns of London property being used for money laundering. ...
Brexit would damage UK economy, warns BlackRock image
Source : Guardian [Read Article] Wednesday 2nd of March 2016 03:27:58 PM
....The world’s largest fund manager, BlackRock, has warned that a Brexit vote would damage Britain’s economy by leading to lower growth and investment, and possibly higher unemployment and inflation. In a gloomy analysis, the US asset manager said a decision to leave the EU would also hit the pound and UK equities, as well as damaging Britain’s financial industry, the London property market and the fashion industry. ...
April’s surcharge D-Day will fool many landlords image
Source : Daily Express [Read Article] Tuesday 23rd of February 2016 04:54:00 PM
....From April 1 the charge will rise fivefold to £6,913 for investors and second home owners. Stamp duty on the average London property, costing £514,097, will more than double from £15,704 to £31,127. ...
Mapped: The new property hotspots in London image
Source : Telegraph [Read Article] Monday 15th of February 2016 12:31:10 PM
.... . The central London property market might be flat, but the suburbs are positively hot. ...
When even Tory MPs can't buy homes, how can Cameron deny the crisis? image
Source : Guardian [Read Article] Friday 12th of February 2016 07:10:12 AM
.... Research on London house prices last year put the minimum salary needed for first-time buyers at £77,000 – more than newly-elected Wragg earns. He’s not the first Tory MP to speak out about the problem of housing yourself while rich: Johnny Mercer told the Telegraph that he was so incensed by the cost of London property that he brought his family boat up from the south coast, moored it in east London, and stays there several nights a week. ...
Goldman Sachs sees near-zero risk of UK recession despite market tantrum  image
Source : Telegraph [Read Article] Monday 8th of February 2016 07:56:09 PM
.... . Data from the Bank for International Settlements show that (core) private credit has fallen by 37 percentage points to 156pc of GDP since late 2009, despite worries about the London property boom. ...
Source : Reuters [Read Article] Friday 5th of February 2016 10:02:48 AM
.... Crises at home and turmoil on world markets may have taken the shine off London's luxury property market for Chinese, Russian and Middle Eastern investors: some are even looking to sell up. From Russian oligarchs and Middle Eastern oil barons to newly-minted Chinese entrepreneurs, foreign buyers have driven a spending spree on London property over the past two decades, snapping up everything from opulent homes to iconic commercial property. ...
Privatisations? Who do you think you are kidding Mr Putin? image
Source : Telegraph [Read Article] Tuesday 2nd of February 2016 08:28:30 PM
.... This has very real implications for investors of all stripes. For years now, global sovereign wealth funds have been using their vast stashes of petrodollars to buy assets – from US bonds to London property – around the world. ...
Levy on luxury London homes would net £86m a year for social housing image
Source : Guardian [Read Article] Saturday 30th of January 2016 12:00:25 PM
....In a briefing paper, the researchers also call for higher bands of council tax for the global super-rich, with the top level imposed on those who leave their homes vacant for more than three months a year. There has been a dramatic rise in overseas buyers of London property since 2007, according to the researchers. ...
FCA warns against self-cert mortgages from overseas lenders image
Source : Guardian [Read Article] Wednesday 27th of January 2016 12:30:30 PM
.... However, it only has up to £50m to lend, which it said would fund a maximum of 250-300 mortgages. The firm added that it did not lend within the M25 area as it was “concerned about possible bubbles in the London property market”. ...

Page rendered in 1.8286 seconds.