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Labour’s mansion tax will create housing shortage for young, says Legal & General boss

by Necco | Oct 31, 2014 | news, Uncategorized

Nigel Wilson says plan for levy on £2m homes is ‘poor economics’ that will reduce supply of property Ed Miliband’s mansion tax is “poor economics” and will “punish” families who have saved hard for a property, the head of one of Britain’s biggest...

Mansion meltdown: why Labour’s mansion tax vow has left London’s middle-class families in fear

by Necco | Oct 31, 2014 | news, Uncategorized

Labour’s vow to tax £2 million-plus homes threatens to clobber London’s middle-class families hard. Jonathan Prynn joins the Farrow & Ball revolt We are the “accidental multi-millionaires” who never dreamed that our neat terraced homes would be the target of a...

Government planning changes threaten East End business

by Necco | Oct 24, 2014 | news, Uncategorized

The development of the Docklands as a hub for new businesses, attracting entrepreneurs and creating high-skilled jobs is under threat. Plans to allow land owners to cash in on the current property boom by turning offices into homes without the need for planning...

South-east house price growth outstrips London’s as buyers forced out of capital

by Necco | Oct 24, 2014 | news, Uncategorized

Average asking price in south-east passes £355,000 – 10% higher than a year ago, says Rightmove Buyers forced out of London by spiralling property prices have helped fuel a 10% annual rise in asking prices in the south-east – a rate that has now outstripped inflation...

Abandoning the central London property market pays off

by Necco | Oct 24, 2014 | news, Uncategorized

Meet the developer who branded central London as “too hot” and has reaped the rewards from house price growth in the capital’s doughnut Michael Marx, chief executive of Development Securities, has been calling the capital’s central residential...

Proposals to change property taxes abound. None is perfect

by Necco | Oct 17, 2014 | news, Uncategorized

ADAM SMITH, the Scottish economist, argued that taxes should be efficient, certain, convenient and fair. Those ideals were invoked by John Swinney, Scotland’s finance minister, when on October 9th he unveiled plans to change taxes on house sales north of the border....
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