European investors have little to fear from a Brexit – but we can only guess, says legal specialist June 13, 2016 Every week, City A.M. invites an industry professional to write an opinion piece for Hot Property based on their expertise and experience. Traditionally, British people buying properties abroad have tended to favour Europe, purchasing in the key markets of Spain, France, Portugal and Italy, as well as Greece, Cyprus or Malta. There are very practical reasons [...]
These are the top concerns for UK landlords (Brexit is pretty low down) June 13, 2016 As everyone else bites their nails over the EU referendum, the outcome of the big vote has only just made it into the list of the top concerns of UK landlords. Instead, their top worry is the exemption of residential property from the new capital gains tax cuts, according to a survey by Amicus Property Finance. Read more: Brits [...]
Brits fear their house price won’t recover for five years if the UK votes to leave the EU June 13, 2016 As the EU referendum looms and the nation worries about everything from immigration to the economy, it emerged today that the public is worrying about the price of their home too. Research from Wellesley Finance showed that 61 per cent of Britons who think their house price will drop if Britain leaves the EU worry [...]
Say what you like about the EU referendum – but Brexit isn’t going to hit UK house prices June 13, 2016 Why leaving or staying will have no impact on house prices In the run-up to next Thursday’s referendum, there have been some flabbergasting claims made by both sides. Suppositions made include the premise that leaving the European Union would lead to war and recession (although it was not made clear in what order these will [...]
The Little White House in Mayfair’s US embassy quarter is up for sale June 13, 2016 If you've ever dreamed of making your way through a hefty security cordon to get to your own front door, then this is the home you've been waiting for. A £2.5m mini-White House inside the US embassy complex is now up for sale – and it's currently the most protected private home in Britain. Unfortunately, when [...]
Persimmon management to bag £600m bonus June 13, 2016 Persimmon's executive pay plan has come under fire after it emerged management will share £600m over the next five years. A top City investor has urged the housebuilder to reduce the payment, which represents one of the biggest at a FTSE 100 company, excluding banking. Read more: There's little logic to 2016's shareholder revolts against executive pay [...]
Kitted-out office sector to be worth £126bn within 10 years June 13, 2016 The UK market for fully-kitted out offices could rise in value to a whopping £126bn in under 10 years, a new report has revealed. Currently valued at around £16bn, the so-called serviced office sector is projected to increase in value significantly by 2025, to £62bn on conservative projections and £126bn on more optimistic forecasts. Economic [...]
New homes on sale in London this weekend: from an old police station in Maida Vale to the old Pathe Building in Soho June 10, 2016 Westbourne place, Maida Vale From £550,000 A former local police station in Maida Vale, built in 1911 and designed by John Dixon Butler, is currently being converted into 25 apartments. Developer Redrow is retaining authentic architectural features, notably two original staircases, the Victorian brick facade, and the original “Police” sign at the entrance. The apartments, ranging [...]
Property prices in England and Wales fell in May as the market stalled ahead of the EU referendum vote June 10, 2016 In May house prices experienced the sharpest drop since November 2011 as the property market was plagued by uncertainty surrounding the EU referendum. Property values fell by 0.4 per cent in May in England and Wales – the lowest home sales in May for five years – according to data from Your Move and Reeds Rains estate agents. Read [...]
How landlords are softening the blow of buy to let tax changes June 10, 2016 The government's tax changes on second homes has produced a record demand for mortgages through companies in the first quarter of 2016, according to a report released today. Buy to let lending to limited companies surged to nearly 38,000 in the first quarter, which is more than for the whole of 2014, as landlords incorporate to [...]