London house prices: Prime Central London property is experiencing a dead-cat bounce, after demand for high-end homes suddenly rose March 7, 2016 London's high-end property market may be experiencing a dead-cat bounce – after demand for homes in London's most exclusive areas spiked as investors attempt to squeeze in transactions before stamp duty is hiked in April. Research by online estate agent Emoov, seen exclusively by City A.M., showed demand for homes worth £1m or more has jumped by [...]
Landlords are switching to company status ahead of stamp duty hike and the upcoming cuts in buy to let tax reliefs March 7, 2016 Landlords are increasingly setting themselves up as companies ahead of upcoming tax changes in the buy-to-let market. Tax breaks which allow landlords to claim for wear and tear on their properties and deduct mortgage interest from their overall tax bill are to be cut from 2017. It’s because the government wants landlords to be taxed on [...]
Event sponsorship: How to build brand value March 7, 2016 Sponsorship – whether of a sports team or event, a conference or a concert – can be an effective way to build brand presence and awareness for the overall benefit of your business. And it’s not only an option for larger companies. Sponsoring a smaller event, especially if your broader activation strategy is clever, can [...]
London property demand “as healthy as ever” as buy-to-let winter rush is followed by “huge surge” in number of people looking for homes to live in March 7, 2016 There has been a “huge surge” in the number of people looking to buy London homes to live in, according Chestertons. The lettings and estate agent said owner-occupiers are set to dominate the market following a winter rush of people hoping to beat April's three per cent stamp duty surcharge for second homes and buy-to-let properties. Chestertons said [...]
London housing commission calls for devolution to solve chronic lack of house building March 7, 2016 Local authorities need to be given more oversight of house building in the capital if London is to accommodate its growing population, the London housing commission said today. In return for greater powers over borrowing, property taxes and planning, the Mayor and boroughs would have to make a joint commitment to deliver significantly higher numbers [...]
As Jerry Hall and Rupert Murdoch walk down the aisle, we sum up weddings in numbers: from venue costs and gift lists to tax tips for married couples and engagement ring costs March 4, 2016 Love is in the air, especially if you're in London. Media mogul Rupert Murdoch and supermodel Jerry Hall have, according to various reports, tied the knot today at Spencer House. The two seem like a financially-savvy pair so we're sure they'd appreciate knowing these numbers behind weddings: 1. Friends and family thinking about their budget for [...]
Battersea panic stations: Investors flee luxury scheme as up to £2m is knocked off some asking prices March 4, 2016 More than 50 luxury flats on sale at London’s iconic Battersea Power Station have had their prices slashed since January, with some seeing discounts as large as 38 per cent in a sign that wealthy foreign investors are scrambling to desert the scheme. The news adds to fears that demand for prime homes in the capital is [...]
Canary Wharf homes are now a reality – get them while they’re hot March 3, 2016 When the first homes went on sale at 10 Park Place on the Canary Wharf estate, there were buyers queuing a day early for them. When developer Galliard launched Maine Tower nearby, around £140m of property sold out within four hours, the equivalent of £580,000 worth of sales every minute. Now, it’s Telford Homes’ turn [...]
Now Halifax says UK house prices dropped last month – but rose almost 10 per cent in the year to February March 3, 2016 It was a day of two house price indices today, and while Nationwide was insistent that house price growth was flat between January and February, figures from Halifax have shown prices fell by1.4 per cent. But Halifax's house price index, released today, also showed prices rose 9.7 per cent from last February – and were up [...]
Surge in mortgage approvals has no impact on house prices ahead of stamp duty surcharge – but the proportion of people renting rises again March 3, 2016 The impending stamp duty surcharge is distorting the housing market, with a "sharp" increase in the number of mortgage approvals in the first month of the year – the highest number since January 2014. But despite this, there has been just a slight uptick in house price growth, according to Nationwide, up 0.3 per cent in February [...]