Other taxes under the microscope April 28, 2015 PROPERTY TAXES The IFS criticised the parties for failing to address “many problems” with current housing tax policies. Labour, the Lib Dems and the SNP have all said they would bring in a “mansion tax,” an annual charge on residential properties worth more than £2m. Meanwhile, the Tories promised to reduce the tax on more-expensive [...]
City Moves for 27 January 2016 | Who’s switching jobs January 27, 2016 Indigo Planning Indigo Planning has appointed of Julie White as associate. Julie joins the consultancy firm with more than 15 years’ national and regional industry experience. Much of Julie’s work has focused on delivering residential and mixed-use proposals for private developers, as well as major retail projects for a national supermarket operator. She also has experience [...]
Index Ventures backs Daniel Gandesha’s tech start-up Property Partner March 23, 2015 Index Ventures, the venture capital firm behind Just Eat and Candy Crush Saga-maker King Digital, has given £5.2m backing to a crowdfunding platform that allows retail investors to tap into the UK’s residential market. Property Partner, founded by the ex-head of startup investment at BSkyB Daniel Gandesha, gives smaller backers the chance to invest sums [...]
Zlota 44 is the tallest residential building in Warsaw and it’s hoping to catch the eye of Western investors February 25, 2016 For millionaire investors, the obvious place to buy for profit is in one of Europe’s great cities. But the bright lights of London, Paris and Berlin may be blinding buyers to smaller pockets of investment that have big potential. One of these is Poland. After years of building it up, the Poles now boast the largest [...]
City Moves for 13 November 2015 | Who’s switching jobs November 12, 2015 SAVILLS The property consultancy has appointed Derek Moir as a director in its building and project consultancy team. He has over 27 years’ experience in the property sector, and is returning to Savills after seven years in China, where he was head of Turner & Townsend’s Beijing office. DELOITTE Jason Warnes has been appointed partner [...]
City Moves for 30 November 2015 | Who’s switching jobs November 29, 2015 LEGAL & GENERAL INVESTMENT MANAGEMENT REAL ASSETS The investment manager has announced three appointments to its research team. Declan O’Brien (pictured) joins as infrastructure strategist from Moody’s Investors Service, where he was an assistant vice president within project and infrastructure finance. Enrico Faccioli joins as research analyst. He is a recent graduate of Warwick Business [...]
Autumn Statement 2015 buy-to-let advice for landlords: After the chancellor’s stamp duty hike, what should investors do? November 27, 2015 The chancellor's announcement of a three per cent stamp duty levy on non-primary residences – specifically buy-to-let investments and second homes – caught many by surprise. This change is an incredibly blunt instrument to deal with a complex set of housing market issues. In principle, it will reduce the competition between first-time buyers and investors for many [...]
Prime residential London rents post sharpest annual fall in two years November 2, 2015 PRIME central London residential rents reported their steepest monthly decline in two years in October, research out today claims. Knight Frank’s latest monthly index released today shows rental values fell by 0.5 per cent compared with the previous month and slowed to 1.5 per cent growth year-on-year. That compares with May’s three-year high of 4.5 [...]
Renters in the West Midlands experience more rent increases than those in London October 29, 2015 Thought rent in the capital was bad? More tenants in the West Midlands experience rent increases than those in London, new data has shown. Three in five letting agents in the West Midlands witnessed a rent increase for tenants in September, compared to just under a quarter of letting agents in London noticing rent increases since last month, according [...]
Autumn Statement 2015: George Osborne boosts spending on housing, but can the government really build 400,000 more homes? November 25, 2015 Britain’s housing supply crisis isn’t a new problem – but today George Osborne made another government pledge to increase the stock. Osborne’s plans include selling off prisons and offering more capital to affordable housing. To top it off, there is to be a new help-to-buy scheme for London, to give residents a leg up onto [...]