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Scotland Yard building sold for £370m to property developers who plan luxury flats block

by Necco | Dec 12, 2014 | news, Uncategorized

New Scotland Yard, the HQ of the Met police, has been sold to a Middle East developer for £370 million in one of the biggest ever property deals in central London. The Abu Dhabi Financial Group paid £120 million more than the asking price for the 1960s block and and...

Autumn Statement: At last a Chancellor dares to fiddle with property taxes – to general approval

by Necco | Dec 12, 2014 | news, Uncategorized

Move throws down the gauntlet to Ed Balls It was, George Osborne said, “a badly designed system that has distorted our housing market for decades”. But stamp duty, reformed overnight, has also fast become one of the Chancellor’s golden geese. By scrapping the “slab”...

Mansion tax could wipe 5pc off the value of high-end London homes

by Necco | Nov 7, 2014 | news, Uncategorized

Labour’s mansion tax could knock millions off the value of some streets in central London Mansion tax could wipe an average of 5pc off homes worth more than £2m should Labour win the next general election and make the proposals a reality. The plans touted by the...

House prices outside London still 16% below 2007 peak

by Necco | Nov 7, 2014 | news, Uncategorized

London Central Portfolio finds once capital’s numbers removed, figures only just recovering to same level as 10 years ago, House prices outside London are still 16% below their 2007 peak and have only just recovered to the level they hit 10 years ago, according to...

London’s Prime Residential Land Sales Slow in Q3

by Necco | Nov 7, 2014 | news, Uncategorized

According to global real estate adviser Cushman & Wakefield, there has been a “tangible pausing” of activity in London’s prime residential land sales market as developers take stock of the robust activity at the start of the year. The findings...

Boris Johnson to approve ‘affordable’ London flats for rent at up to £2,800

by Necco | Oct 31, 2014 | news, Uncategorized

Critics say mayor’s support for central London development’s monthly rents makes a mockery of idea of affordable housing Boris Johnson is set to approve plans for “affordable” flats that the Guardian understands could cost tenants up to £2,800 a month to rent. The...
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