HMRC uses unprecedented amounts of data and ‘nudge’ letters in crackdown on foreign tax evaders April 23, 2022 The number of overseas investors confessing to tax evasion in the UK has more than quadrupled to 338 this year from 78 in the previous year, according to new data shared with City A.M. today. Many of these disclosures are from overseas investors in buy-to-let property who are coming clean about unpaid tax on their [...]
Housing stock running dry triggers market slowdown, new data suggests April 22, 2022 Homes changing hands has drastically slowed since the beginning of the year, with the market running dry of properties, according to the latest data. The number of properties up for sale has plunged a third, compared to stock levels available before the pandemic, research by Savills and data analyst TwentyCi has found. The UK’s property [...]
The City View: Re-Leased CFO Sam Caulton on real estate’s brave new world April 21, 2022 Today Andy Silvester talks to Sam Caulton, CFO of Re-Leased, a commercial property management proptech. They discuss his journey to the role; why the commercial real estate sector’s been in desperate need of change, and how he effecting such change with Re-Leased; the impact of Covid on the sector; and the importance of being in [...]
UK housing market shows signs of stability with Brits’ reluctant to spend April 21, 2022 The UK’s housing market could be returning to stability, say analysts, before deals pick up as warmer weather blankets the country. Residential transactions for March have plunged more than a third in comparison with the same month last year, according to the government’s latest figures, after a continued, pandemic-era, buying frenzy. Although deals have climbed [...]
Muslim dating app Muzmatch loses trademark battle with Tinder owner April 20, 2022 The firm behind Tinder and Hinge has won a court battle with a British dating app for Muslims Muzmatch after it was accused of copying its product.
Our high streets need a new lease of life but forced auctions could be fraught with uncertainty April 20, 2022 This week, the government unveiled plans to revitalise high streets up and down the country. Under the new policy – which will only be revealed in full during the Queen’s Speech next month – landlords will be forced to rent out shops that have been vacant for more than six months. The aim is to [...]
From Barnet to Fulham via Camden and Southwark: Here are London’s most expensive and decadent rental properties April 19, 2022 While the average London tenant will pay £1,574 per month, the average cost of residing at the very top of the capital’s rental market comes in at a huge £23,839, – a 1415 per cent rental price premium. London-focused rental platform Rentd looked at the average cost of renting in each London borough before comparing [...]
BMO Commercial Property Trust doubles down on industrial pivot as London portfolio shrinks April 19, 2022 BMO Commercial Property Trust has been successful in its pivot towards logistics real estate after demand for offices faltered as a result of the pandemic. The British fund kicked off the year on “a much brighter note” with fewer Covid-19 restrictions, having sold off nearly £200m worth of property in the year to 31 December, [...]
Gove has signed a cladding deal – but it could kickstart a fight over affordable homes April 14, 2022 Political tensions enmeshed in the cladding crisis have raised their ugly heads again this week, as developers have come out and argued they won’t be able to build enough affordable homes if they’re made to pay even more for cladding remediation. Levelling Up Secretary Michael Gove has secured his first real win, with a deal [...]
‘Piecemeal’ reforms leave UK rental sector littered with discrimination and health risks April 13, 2022 The UK’s rental sector is littered with unlawful discrimination and health and safety risks after “piecemeal” reforms, according to a report from a committee of MPs today. More than one in eight privately rented homes in Britain pose a serious threat to people’s health and safety, while around one in four landlords are unwilling to [...]