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.... The council caused an outcry last month when it rubber-stamped a move by the developer driving the £9bn revamp of the historic site that cut the number of affordable flats to 386, a 40% reduction from original plans. Citing rising costs and other factors, including Brexit-induced economic uncertainty, which has disrupted the luxury homes market, the developers say they expect to achieve less than half of the original returns. ... [Read full article on Guardian ]
Saturday 8th of July 2017 11:03:08 PM
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Latest Finance News related to Luxury Homes

London mayor blasts council over cut to affordable homes in Battersea revamp image
.... The council caused an outcry last month when it rubber-stamped a move by the developer driving the £9bn revamp of the historic site that cut the number of affordable flats to 386, a 40% reduction from original plans. Citing rising costs and other factors, including Brexit-induced economic uncertainty, which has disrupted the luxury homes market, the developers say they expect to achieve less than half of the original returns. ...
Inside the new Battersea Power Station image
Source : Guardian [Read Article] Saturday 13th of May 2017 07:00:41 AM
.... He wanted more affordable homes included, and to see cultural and educational institutions included – like an annexe to the South Kensington museums or top-level sports facilities such as an Olympic-size pool. However, Rob Tincknell, who runs the Battersea Power Station Development Company, says the luxury homes are necessary to pay for the former power plant’s restoration. ...
London rents fall for first time since 2009 amid post-Brexit vote slowdown image
.... One developer in north London has promised a £150,000 payment to cover stamp duty, an £18,000 electric car and free iPads to buyers willing to part with £1. 99m for its luxury homes. ...
£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
....More than 200 wealthy foreigners are choosing to pay £218,200 a year in tax rather than declare which of London’s £20m-plus mega-mansions they own. The government introduced a special annual tax on homes owned via “non-natural persons” such as offshore companies in 2013, to crack down on “dirty money” used to secretly buy up luxury homes. ...
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
. Foreign billionaires are renting rather than buying luxury homes in London following increases in tax bills on upmarket properties. ...
The £4,000 a week student flat where Fresh Meat meets Monopoly image
Source : Guardian [Read Article] Monday 26th of September 2016 12:53:19 PM
....Landlords are keen to let to them as parents typically pay the whole year upfront and pay for cleaners and other staff who help keep the properties in good condition. Most of the luxury homes on Park Lane are now lived in by student offspring of wealthy families from the Middle East, the agents said. ...
Overseas buyers 'keen to exploit weak pound to buy London homes' image
Source : Guardian [Read Article] Wednesday 6th of July 2016 11:01:27 PM
. The plunge in sterling following the UK’s decision to leave the EU has prompted a flurry of interest in luxury homes in London from overseas buyers, who stand to save about 10% of the cost of buying a £1m property, a property consultancy has claimed. ...
House prices could fall over Brexit risk, plus Tesco to accept Sainsbury's vouchers image
....Student loans firm Erudio leaves graduates fuming over latest error. London set for more than 35,000 new luxury homes in next decade. ...
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
. More than 35,000 luxury homes are set to be built in London over the next decade, but changes in market conditions could force some developers to change residential blocks to offices, a property consultancy has said. ...
From rags to riches to rags in 12 years: the extraordinary story of Nathan Tinkler image
....And there have also been casualties among mining entrepreneurs – like Tinkler, who made a vast fortune from bold plays on two coal projects he kickstarted with just A$1m (£522,000) of his own money. It was a fortune built entirely on speculation on the value of coal in the ground, and Tinkler squandered much of it on ill-fated forays into racehorses, sports teams and day trading, as well as the obligatory extravagances of the super-rich, such as private jets and luxury homes in three countries. ...
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
....Other recommendations include closing tax loopholes and improving the transparency of property deals by forcing overseas buyers to disclose their identities to prevent money-laundering. The researchers write that, in kowtowing to the desire of the super-rich for more luxury homes and mega-basements, central and local government have rolled back the welfare state and cut the supply of social and affordable housing to clear poor and low-income residents from prime areas of the capital. ...
East Anglia is new property hotspot as stamp duty cools London market  image
Source : Telegraph [Read Article] Thursday 10th of December 2015 05:00:20 AM
.... Sales of luxury property in London have slowed following stamp duty hikes for homes worth over £1m. Estate agents based in central London described a “lack of enthusiasm” to put luxury homes on the market with expectations rising that asking prices will not be met. ...
Family ties revealed in Ashley’s Sports Direct empire  image
Source : Telegraph [Read Article] Saturday 5th of December 2015 07:00:25 PM
.... . In April, Mr Ashley’s McGrove Developments provided £200m to buy a site in Chelsea from John Lewis close to the Chelsea Barracks development, which could provide luxury homes worth up to £900m. ...
The £8.2m Michelangelo-designed villa inspiring luxury decor in London image
Source : Telegraph [Read Article] Friday 30th of October 2015 07:18:30 AM
.... . The intricate artistry of classical stories painted on to walls is not only to be found in Italian villas, but is creeping back into modern interior design in luxury homes, replacing the slick, minimalist look. ...
London's swankiest offices with gold loos, marble stairs and champagne on tap image
.... . The pair recently restored the old Adelphi Theatre restaurant on the Strand, from shabby pool hall to four luxury homes and is running a huge housing project in Notting Hill . ...
Luxury London: insatiable house price rises ahead image
Source : Telegraph [Read Article] Thursday 15th of October 2015 01:12:52 PM
Knight Frank profits bolstered by Northern revival image
Source : Telegraph [Read Article] Sunday 4th of October 2015 11:01:53 PM
.... . However, Knight Frank said that sales of luxury homes had reached a plateau as the market digested the impact of last year’s stamp duty hike. ...
Pretend you're a millionaire: Britain's luxury homes from £1m to £100m image
Source : Telegraph [Read Article] Friday 25th of September 2015 04:00:12 AM
.... . To add to the flurry, September is the month that many owners test the market for their luxury homes for the first time. ...
London's highest botanical gin garden goes on sale image
Source : Guardian [Read Article] Wednesday 23rd of September 2015 11:01:11 PM
....Weeks after unveiling plans for a 35-metre high “sky pool” in Battersea’s Nine Elms, developers Ballymore and EcoWorld will on Thursday start selling the Wardian development in Canary Wharf. As well as the concierge service, private gym and cinema that have become standard with luxury homes, buyers of the 624 apartments in the two new towers will have their own “sky garden”, the largest of which will measure 37. ...
New £16.95m river penthouse where you can canoe from your front door image
Source : Telegraph [Read Article] Saturday 19th of September 2015 04:00:26 AM
.... . The St George complex is due for completion by the end of 2016, but the luxury homes are unveiled today. ...
Asian investors start to desert London property market due to strong pound image
Source : Independent [Read Article] Tuesday 18th of August 2015 04:24:27 PM
.... The Malaysia based company insisted that none of its existing sales agreements had been cancelled. But with one estate agent recording a 10 per cent drop in the value of luxury homes in Battersea and its environs in the year to June, experts blamed the cooling of ardour for buying up London’s high-end penthouses on the strengthening of the pound in recent months and economic volatility in the home markets of investors. ...
The tourists shopping in Harrods for a villa in Dubai image
Source : Guardian [Read Article] Thursday 13th of August 2015 09:16:23 AM
....Upmarket letting agent EJ Harris claims that up to £100m will be spent on short-let serviced apartments in London over the next four weeks by wealthy visitors. The agent said every year from June it was “flooded” with telephone calls and countless emails from clients from the Middle East looking for luxury homes to rent for August and early September. ...
UK sharing economy will take a decade to hit its stride image
Source : Telegraph [Read Article] Wednesday 3rd of June 2015 04:30:56 AM
.... . Home Exchange, the international home swap platform; Vrumi, which connects spare work space in London with freelance professionals; Trusted Housesitters, which finds pet and house sitters around the world; and UnderTheDoormat, which offers users the chance to stay in luxury homes around London, have joined as members. ...
UK house prices set to surge over rest of 2015 as election uncertainty clears image
....”. Trevor Abrahmsohn, whose Glentree estate agency sells luxury homes in north London, said political uncertainty had deterred buyers in his part of the market: “The mansion tax, the threat to non-doms and the anti-business rhetoric from Labour made it very difficult. ...
Britain's £1m property hotspots - not where you would expect image
Source : Telegraph [Read Article] Monday 25th of May 2015 08:54:21 PM
.... . • New luxury homes in London with a maid, wine and lobster on tap . ...
King's Speech sex party mansion sold for £30m   image
Source : Telegraph [Read Article] Friday 22nd of May 2015 12:24:58 PM
.... . • New London luxury homes with a maid, wine and lobster on tap . ...
Oligarchs face higher bills as sterling surge hits luxury London properties image
.... Dozens of multi-million-pound properties have changed hands in central London over the past week. The Conservative election victory broke the deadlock that had developed in the luxury homes market and opened the door to a wave of wealthy international buyers. ...
Labour to burst luxury London property bubble just as 8,000 swanky pads go on sale image
.... . The number of luxury homes sold in central London could fall by as much as 27pc if Labour comes to power and introduces a mansion tax on homes worth more than £2m. ...
London at risk of missing out as super-rich multiply image
Source : Independent [Read Article] Friday 6th of March 2015 01:54:51 AM
....London is now home to 4,363 ultra-high net worth individuals, but its status as the top destination for them is at risk due to concerns over issues such as the potential mansion tax on £2m-plus homes. Investors have typically been attracted to London’s favourable tax regime, luxury homes and stable political environment. ...
Scotland: Buyers dodge tax hit as luxury house sales boom  image
Source : Telegraph [Read Article] Monday 23rd of February 2015 09:51:22 AM
.... . In a stark contrast to the luxury homes market south of the border, which has stalled in the run up to the general election, the number of sales of homes worth more than £1m in Scotland rose 9pc in the final quarter of 2014 and shows no signs of slowing before the tax rules change in April. ...
The world's tallest tower block goes on sale image
Source : Telegraph [Read Article] Sunday 15th of February 2015 10:00:04 PM
.... . In fact, Indian investors purchased more than £1bn of luxury homes in London over the last 18 months, and include the likes of property investors, Lakshmi Mittal and Shashi Ruia. ...
HMRC failed to prosecute tycoon over tax evasion image
Source : BBC [Read Article] Friday 13th of February 2015 06:09:16 PM
....HMRC said it would not comment on an individual taxpayer. Mr Bloomfield enjoyed luxury homes, a boat, helicopter and private jet. ...
VIDEO: Cape Town adjusts to changing market image
Source : BBC [Read Article] Friday 6th of February 2015 04:15:48 PM
....Many investors are foreigners capitalising on the weaker South African rand. And falling oil prices, could mean there will be more money to spend on luxury homes. ...
Middle East royals to bid for Britain's military heritage image
Source : Telegraph [Read Article] Saturday 31st of January 2015 05:18:29 PM
.... . Mr Rippon proposes to restore the Victorian barracks (see sketch below), keep the cavalry onsite and turn the rest of the six acre plot into luxury homes, accompanied by designer retailers, a hotel, a regimental museum, public and private gardens and an orangery. ...
Croydon and Guildford: the next stops for Middle East property investors image
Source : Telegraph [Read Article] Sunday 21st of December 2014 07:28:42 PM
.... Despite the £4. 5bn pipeline of luxury homes planned for Mayfair alone, with developers British Land and Berkeley Homes flocking to the affluent core of London since the housing market crash, Collins is not wedded to the likes of Mayfair. ...
British buyers pile into Dubai as prices slide image
Source : Telegraph [Read Article] Saturday 20th of December 2014 07:58:38 PM
.... . Oversupply is also cooling the market with 372,000 units under construction this year, up from 342,000 in 2011, according to the property group, with luxury homes such as a £2. ...
Stamp duty: House price boom and mansion bust image
Source : Telegraph [Read Article] Saturday 6th of December 2014 08:00:57 PM
.... . While property prices at the top end are expected to fall, the cost of renting a property will continue to rocket, with the number of super-luxury homes costing more than £1m a year having already risen by 12. ...
Singapore development company snaps up historic Royal Mail site image
Source : Telegraph [Read Article] Tuesday 14th of October 2014 04:36:37 PM
.... . Among the Royal Mail's remaining London Development portfolio is Mount Pleasant Centre in North London, which will be redeveloped into luxury homes and could generate up to £1bn. ...
Rise in luxury London homes could trigger construction crunch image
Source : Guardian [Read Article] Tuesday 7th of October 2014 06:31:37 PM
. A record number of luxury homes worth £60bn are being built in London, creating a construction crunch that could lead to many of them being delayed or even ditched, a report shows. ...
New consortium joins race for Hyde Park Barracks image
Source : Telegraph [Read Article] Saturday 23rd of August 2014 06:14:35 PM
.... However, the sale has been slowed by the complication of rehousing the Queen’s Cavalry. Former banker Bruce Rippon, chief executive of SD&B, claims his group could finance the deal and would restore the barracks, keep the Cavalry on-site and provide luxury homes along with retailers, a hotel, a museum, public and private gardens and an orangery. ...
House price growth in the commuter belt to outstrip central London  image
Source : Telegraph [Read Article] Monday 18th of August 2014 09:41:35 AM
.... This supply of new-build homes along with second-hand property coming to the market has helped to balance demand, dampening the runaway house prices seen in the capital over the past year. The forthcoming election has cooled demand for luxury homes worth more than £2m, with Labour and the Liberal Democrats suggesting a mansion tax. ...
London families moving to home counties image
Source : Guardian [Read Article] Thursday 7th of August 2014 12:49:50 PM
....Savills forecast 3% price growth at the top end in London at the start of the year. So far prices for luxury homes are up just 2. ...
Canary Wharf spreads east with new towers and 3,000 homes planned image
Source : Guardian [Read Article] Tuesday 22nd of July 2014 11:25:00 AM
....". Developers have been rushing to build more luxury homes in London to exploit booming property prices, with Canary Wharf Group just starting construction of its first residential building on the western edge of the finance district, the 58-storey Newfoundland tower (nicknamed the Diamond tower) with 566 apartments, which is due to be completed in 2018. ...
Indian billionaires are buying up prime central London  image
Source : Telegraph [Read Article] Monday 16th of June 2014 03:11:32 PM
.... The Lodha Group, India's largest residential developer, has recently purchased the Canadian High Commission in Grosvenor Square for £306m. The group plans to turn the seven floor 135,000 sqft High Commission into 18 to 20 luxury homes. ...
House prices jump 3.9% in May, adding £7,000 to average image
Source : Guardian [Read Article] Thursday 5th of June 2014 08:20:12 AM
....5% over the past year. In a review of 14 cities around Europe, it found the cost of luxury homes in the capital was second only to Monaco, with prime properties changing hands for between €26,000 and €32,000 a square metre in March. ...
Australian convicted of running biggest ever boiler room scam image
Source : Guardian [Read Article] Wednesday 4th of June 2014 06:35:58 PM
.... He was alleged by the Serious Fraud Office to have made £70m running the scheme – codenamed Operation Steamroller by the SFO – from offices in Madrid from 2003-2007. Revell-Reade, who was found not guilty of one count of corruption at Southwark crown court, spent his share of the takings on a lavish lifestyle that stretched to several luxury homes, yachts, private jets and art and vintage wine collections. ...
Source : Independent [Read Article] Friday 16th of May 2014 11:00:00 PM
. The insurance tycoon Peter Wood is seeking a third fortune, this time in property, after sinking tens of millions into a developer of luxury homes in the UK and US. ...
Millionaires are becoming priced out of central London  image
Source : Telegraph [Read Article] Monday 12th of May 2014 12:20:34 PM
. Families and individuals who want to buy luxury homes in the £1m to £2m bracket have been priced out of central London, and as a result fanning out into the commuter zones. ...
London named billionaire capital of Europe image
Source : Independent [Read Article] Monday 31st of March 2014 08:46:40 AM
....London has been named the billionaire capital of western Europe, boasting a higher number of “ultra-high net worth individuals” than Paris and tax haven Geneva combined. No self-respecting billionaire would buy a house in the capital for anything under £10 million – unless it is for a servant – and each typically has three other luxury homes around the world. ...

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