Historic London estate agent Chestertons snapped up by French real estate group October 23, 2023 London estate agent Chestertons has been bought by a French real estate and technology group, in the latest sign that deal making in the property sector is heating up. The near 200 year-old estate agent was bought by Emeria, which is owned by Swiss private equity and property group Partners Group. The firm is understood [...]
Zara chief bags former BBC base in West End April 19, 2023 Spanish billionaire and founder of popular fashion chain Zara Armancio Ortega has closed a deal purchasing luxury residential offices – and former BBC base – in the West End. Ortega’s firm Pontegadea shelled out £82m for the 1920s building, the private firm announced today. Last month Ortega purchased a luxury residential property with 120 apartments [...]
First time buyers: Homes in London 26 per cent cheaper but affordability remains an issue February 22, 2024 First time buyers in London are spending 26 per cent below the UK market average, but the majority of buyers are struggling with affordability. According to a new report by Zoopla, the average cost of a first time property in London is £399k, which is around £140k cheaper than a typical home would cost in [...]
Gove’s plans to cap ground rents could cost taxpayers £31bn, RFA warn December 7, 2023 Micheal Gove’s plans to cap ground rents in England and Wales could cost the taxpayer over £31bn, a trade body has warned.
Exclusive: Slow property market is affecting lawyers as transactions drop January 22, 2024 Exclusive data shared with City A.M. shows that property lawyers are now handling 25 per cent fewer cases on average, following a 21 per cent fall in monthly property transactions year-on-year.
UK property market shows steady signs of improvement as sales rise in February March 28, 2024 Green shoots continue to emerge in the property market as the number of house sales grows by a steady one per cent month-on-month in February.
Vistry: Housebuilder defends doubled pay packet for chief February 21, 2024 Housebuilder Vistry Group's boardroom remuneration committee has not bowed to shareholder pressure over its chief executive’s hefty salary and bonus package.
Mini budget continues to wreak havoc on the UK housing market as annual sales dive 18 per cent March 21, 2023 UK property transactions fell four per cent in February as the fall out from last September’s mini budget continued to drive down the UK’s housing market. Sales of residential property fell 18 per cent during the year with just 76,920 transaction across the UK, as buyers were forced to deal with higher borrowing costs as [...]
Revisiting Golden Visas in a New Legal Landscape May 9, 2024 Christina Georgaki The Golden Visa landscape is shifting in Greece and Europe. These changes tell a story of success for some, and disappointment for others. Last month, the Greek Government announced a move to a four-tiered Golden Visa system. The minimum threshold remains at its previous level of €250,000 for commercial to residential conversions and [...]
Spring Budget 2024: Just four per cent of London homes exempt from ‘hefty’ stamp duty fees as pressure mounts on Hunt February 28, 2024 Only four per cent of homes on sale in London are exempt from “hefty” stamp duty charges, as fresh pressure is piled on the UK Chancellor to reform the levy ahead of the Spring Budget next week.