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Revealed: How foreign buyers have bought £100bn of London property in six years

by Necco | Oct 22, 2015 | news, Uncategorized

Official data seen by the Standard shows that since 2008 there have been 27,989 purchases of homes, buildings and land in the capital by shadowy corporate structures usually registered in tax havens to hide the buyers’ identities. The stampede of investment has been...

Chinese investors in London property market begin to cash in their gains as the ‘buying unseen’ tide turns

by Necco | Oct 22, 2015 | news, Uncategorized

  Property expert warns Chinese buyers are selling up to take profits Many bought long distance and ‘unseen’ says buying agent Henry Pryor ‘Those who own completed properties ‘shrink wrapped’ them rather than letting them out,’...

London house prices: shortage of homes on the market pushes prices up by £10k in a month

by Necco | Oct 22, 2015 | news, Uncategorized

House prices across London have reached an all-time high as the number of homes listed for sale falls by 16 per cent in the last year. Home hunters in London have far less choice when searching for a property than even a year ago, as the capital’s existing home...

Soaring London house prices sucking cash out of economy, study says

by Necco | Oct 14, 2015 | news, Uncategorized

Study shows knock-on effects of high mortgages and rents on consumer spending and wage bills, increasing risk of capital becoming no-go zone for staff across whole sectors Soaring London house prices are costing the economy more than £1bn a year and preventing the...

London house prices are costing the capital’s economy £1bn each year – CEBR

by Necco | Oct 14, 2015 | news, Uncategorized

Soaring house prices and rocketing rents are costing London’s economy over £1bn each year, according to a new report out today. The study – published by a new campaign to increase London’s housing supply called “Fifty Thousand Homes” – says employers across multiple...

Families stuck as sales of best homes seize up under the weight of stamp duty

by Necco | Oct 14, 2015 | news, Uncategorized

Number of quality homes being sold has fallen between 20 and 40 per cent compared to nine months ago The market in large family homes has slumped as a result of a surge in stamp duty costs, analysts believe. Estate agents say that the number of quality homes being...
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