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luxury houses

  • Omaze house prize draws fuel first UK profit

    Property

    Omaze, which runs house prize draws across the UK, has made its first profit since launching in this country. The division of the US-headquartered business has posted a pre-tax profit of £6.2m for 2024, new accounts filed with Companies House show. The profit comes after Omaze reported a pre-tax loss of £17.3m for 2023. The [...]

    Omaze raked in almost £200m in the UK last year.
  • Dearth of international super-prime buyers opens market up for young Brits

    Property

    The non-dom exodus and a dearth of super-prime buyers has pushed the price of London’s super-prime property down, shifting the buyer profile to younger domestic buyers. Prices are at a 10-year low, nominally below where they were even in 2014. ““Prices across the capital’s prime markets are offering significant value… Those taking advantage [of this] [...]

    Capital gains tax is not currently charged on primary residences. (Credit Beauchamp Estates)

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