Dearth of international super-prime buyers opens market up for young Brits July 29, 2025 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] [...]
Paragon maintains pace as stamp duty changes slow mortgage lending July 29, 2025 Paragon has weathered a shakeup in stamp duty as analysts hailed the FTSE 250 bank’s “excellent momentum” in the first nine months of the financial year. The London-listed business recorded £1.1bn mortgage lending for the first three quarters, but estimated full-year volumes at the lower end of targets at £1.6bn. The firm said subdued activity [...]
Soaring stamp duty costs dampen house price growth July 29, 2025 Housing market activity has surged but price growth has slowed as high costs bite into buyers’ budgets. Buyer demand rose 11 per cent and agreed sales rose eight per cent year on year but house prices grew by just 1.3 per cent, according to Zoopla’s latest house price index. Higher stamp duty costs now impact [...]
Super-prime sales plunge again July 28, 2025 The continued rise in wealthy residents leaving Britain has caused super-prime property sales in London to plunge by over £100m this year, according to a fresh study that brings the woes afoot at the upper end of London real estate into even sharper relief. During the first half of this year, the total value of [...]
‘Our guests like to eat’: The Maldives hotel with incredible food, gorgeous sealife and 24 hour butler service July 25, 2025 At Malé Seaplane Lounge on the final leg of my journey to a rather gorgeous hotel in the Maldives, I found a glossy coffee table book. Inside were photographs of tropical sunsets, grinning locals, and thoughtful essays on Maldivian culture. I wanted a copy; it was a welcome shift from the influencer reels I’d scrolled [...]
Rightmove demands stamp duty overhaul July 25, 2025 Rightmove has called on the government to overhaul stamp duty thresholds to help first-time buyers get on the property market. The UK’s largest property platform urged ministers to increase the thresholds at which the tax kicks in, to reflect house price rises that have occurred in recent years and “help mobility across many parts of [...]
Rightmove profits rise amid rental and commercial property growth July 25, 2025 Britain’s largest property portal, Rightmove, posted a rise in revenue and profit on Friday, buoyed by estate agents upgrading marketing packages and growing demand across its rental and mortgage arms. The FTSE 100 firm told the market that revenue rose 10 per cent to £211.7m in the first half of 2025, up from £192.1m last [...]
UK insurance sector calls for more adverse weather protection July 24, 2025 The UK insurance sector has called for more adverse weather protection as a “challenging new era” places increasing pressure on insurers. In the first quarter of 2025, British insurers paid out a record high of £226m in weather-related claims, surpassing the previously held record of £67m in 2022. Industry paid an eye-watering £585m for weather-related [...]
The Ned boss Gareth Banner interview: This brand is just getting started July 24, 2025 “Ten years ago, people would have laughed at the idea of doing something like this…” Gareth Banner is talking about City AM’s new Toast the City Awards celebrating all the things that make the Square Mile great, for which he has signed on as a judge. And Banner knows a thing or two about the [...]
Wise co-founders clash over New York listing plans July 21, 2025 A plan to move Wise’s primary listing from London to New York has been thrown into doubt after one of the firm’s co-founders urged shareholders to vote against the move. Taavet Hinrikus, who served as chief executive of the London fintech from its founding in 2011 until 2017, warned he was “deeply troubled” over the [...]