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Property
Spain Unveils Radical 100% Percent Property Tax Plan for Non EU Buyers
In a bold move to address its escalating housing crisis, Spain has announced plans to implement a 100 per cent tax on property purchases made by non-EU buyers, including British citizens. The dramatic measure, unveiled by Prime Minister…
UK Property Market Set To Favour Buyers Throughout 2025 As Market Sentiment Shifts
The British property market is poised to transition into a buyer's paradise throughout 2025, with market analysts predicting enhanced negotiating power for house hunters amid a climate of "cautious optimism".
Industry experts are…
London Property Market Sees Significant Price Drops as Regional Areas Surge
House prices across vast areas of London experienced notable declines in 2024, with several prestigious boroughs witnessing substantial falls as buyers demonstrated reluctance towards the capital's premium-priced properties.
Data from…
FTSE 100 Delivers Christmas Cheer Despite Property Market Concerns
The City of London witnessed a mixed trading session on Tuesday, as property sector woes were offset by broader market optimism. The FTSE 100 demonstrated resilience, closing up 0.4 per cent at 8,136.99 during the shortened Christmas Eve…
Vistry Group Issues Third Profit Alert as Project Delays Impact Year End Financials
British housebuilder Vistry Group has delivered a devastating blow to investors with its third profit warning in as many months, sending shares plummeting on the final trading day before the Christmas break.
The FTSE 250 company revealed…
Landsec Makes Bold £490m Sterling Bet on Liverpool One Shopping Centre
In a significant move that underscores confidence in prime retail locations, Land Securities has acquired a 92 per cent stake in Liverpool One for £490 million. The FTSE 100 property giant's strategic purchase from Abu Dhabi Investment…
Blackstones Failed Bid for Londons Iconic Can of Ham Building Highlights Property Market Tensions|
The property market's standoff between buyers and sellers has claimed another high-profile casualty as Blackstone's £300 million bid to acquire London's distinctive "Can of Ham" skyscraper collapses. The deal's failure underscores the…
Labour Unveils Radical Planning Reforms to Revolutionise UK Housebuilding Programme
The Labour Party has unveiled sweeping reforms to streamline the UK's planning system, with local council committees set to be bypassed in a bold move to accelerate housebuilding and infrastructure development. The changes, announced by…
Distressed Asset Firm Southey Capital Makes £32 Million Pound Bid for Troubled Home Reit
Shareholders in the embattled property firm Home Reit have received a lifeline from distressed asset specialist Southey Capital, which has launched a bid valuing the company at £32 million.
The specialist investment firm is offering…
Marks and Spencer Secures Green Light for Oxford Street Flagship Demolition
Marks and Spencer has gained approval to demolish its iconic art deco store on London's Oxford Street, following a decisive intervention from UK Housing Secretary and Deputy Prime Minister Angela Rayner. The landmark decision arrives after…
SJP Property Fund Charges £47 Million in Fees During Closure Period
St James's Place (SJP) has charged its property fund investors over £47 million in fees since freezing withdrawals in October 2023, equating to more than £100,000 daily. The wealth management firm's recent announcement to wind up its £1.84…
Climate Crisis Could Force First UK Town Centre Abandonment Due To Flooding
The historic market town of Tenbury Wells in Worcestershire faces an existential threat as recurring floods devastate local businesses, potentially marking it as the first UK town centre to be abandoned due to climate change-induced…
Brighton Eye i360 Tower Faces Administration as Debt Burden Soars to £51 Million Pounds
The iconic Brighton i360 observation tower is teetering on the brink of closure as its operating company prepares to enter administration, weighed down by a staggering £51 million debt to the local council.
Brighton i360 Ltd, which…
St James Place to Wind Down £2 Billion Pounds of Property Funds as Market Challenges Mount
Britain's largest wealth manager, St James's Place (SJP), has announced plans to liquidate £1.84 billion worth of commercial property funds, marking a significant retreat from the real estate sector amidst ongoing market difficulties.…
Labour Housing Minister Admits £15 Million New Homes Target More Challenging Than Expected
Britain's housing minister has cast doubt on the government's ambitious target of constructing 1.5 million new homes, citing a deeper than anticipated supply downturn in the housing sector.
Matthew Pennycook, addressing MPs at the House…
Hammerson Reclaims Westquay: A Strategic Move in a Shifting Retail Landscape
In a striking demonstration of the evolving retail property market, Hammerson, the prominent UK-based real estate investment trust, has announced a significant acquisition. The company has repurchased a 50% stake in the Westquay shopping…
The Paradox of Rising Mortgage Rates Amidst Bank of England Rate Cut
The current situation in the UK mortgage and savings market underscores the complex interplay between central bank policies, market expectations, and global economic factors. While the Bank of England's rate cut might suggest lower…
Persimmon Warns of £15 Million Pound Hit from National Insurance Changes
Britain's leading housebuilder Persimmon has cautioned shareholders about an anticipated £15 million impact from national insurance contribution changes, alongside other rising costs that will affect profit margins in the coming year.…