News

With the introduction of our news section at LPP, it is our intention to alert our investors and clients to a variety of property reports written by established experts in the residential property sector that represent market specialist's opinions other than our own, and to keep you fully informed and updated at regular intervals.

  • London is officially the most dynamic city in Europe
  • London has been named Europe’s most dynamic city based on infrastructure investment, population growth forecasts and its ability to attract talent.The top five European destinations identified by Savills Investment Management are London, Paris, Cambridge, Amsterdam and Berlin, based on six categories including innovation, inspiration, inclusion, interconnection, investment and infrastructure...

  • Sales of prime London property pick up as prices become more ‘realistic’
  • Sales volumes are increasing in the prime central London property market as purchasers look to take advantage of more ‘realistic’ asking prices, according to a leading buying agent. Sales of prime London property have “picked up significantly” in recent weeks, according to Jo Eccles, managing director of independent property search agency, Sourcing Property. Various property price reports reveal...

  • Investment demand in London's prime residential markets improves
  • Competitive bidding, lower asking prices, a weak pound, the residential property market in the capital continues to appeal to many prospective purchasers, including investors, as reflected by growing signs of renewed activity in London's prime residential markets. Doomsayers may forecast that property prices in prime areas of the city will continue to fall, but with levels of demand in the capital incomparable...

  • Foreign investors target London property bargains following Brexit vote
  • There has been a notable increase in the number of opportunistic overseas investors taking advantage of effective discounts caused by sterling’s nosedive following the Brexit vote by acquiring property in London. A declining exchange rate has meant London is becoming a more affordable global property hotspot – particularly for those paying in dollars and euros. Historically, many overseas buyers have...

  • UK house prices ‘could take five years to recover’ from Brexit
  • Global markets have plunged this morning, David Cameron has announced that he is to step down as Prime Minister later this year and sterling has crumbled to a 31-year low, after the Leave campaign won by a narrow margin to leave the European Union in a historic referendum. The public vote in favour of leaving the EU has come as a fair shock to many people, but not for others. There has been a sense of...

  • Sellers in central London ‘cashing in’
  • High property prices and an ultra-low interest rate environment are tempting many property owners in prime central London to sell up and cash in. Two-fifths (43%) of motivated sellers in prime central London put their homes on the market in the first quarter of this year to cash in on capital returns and release investments, according to new research by Marsh & Parsons. David Brown, CEO of Marsh & Parsons...

  • UK house prices ‘could take five years to recover’ from Brexit
  • The majority of Britons who fear that the price of their property will fall if Britain leaves the EU believe that the road to recovery will not always be easy. Three in five (61%) Britons who think that their house price will decrease if Britain leaves the EU believe that it will take at least five years for UK house prices to recover from the impact that the change will have on the UK property market and wider...

  • Latest news on the 3% stamp duty on second homes from George Osborne’s March 2016 Budget
  • In the Autumn 2015 budget, the Chancellor George Osborne announced that he was going to levy an additional charge of 3% for second homes. This was a new idea and as a result had to go to consultation. I took some time before contributing as I had some real concerns that some people – who had no choice but to have a second home – would get caught up in it. I wasn’t the only one worried about this...

  • Key March 2016 budget changes affecting the property market from the Chancellor George Osborne
  • Well I must admit it wasn’t quite as ‘scary’ a budget this time around for anyone involved in the property market as the three we had last year. And, in general, as long as you are fit and healthy, have a job and some wealth, it’s doesn’t appear too bad this time around. What I’ve tried to do below is highlight the key things that I have picked up - so far. There may be more over the next few weeks as the...

  • The UK is the number one destination for the world's super-rich ahead of the US, Singapore, Australia and Hong Kong
  • Millionaires from around the world want to move to Britain over any other country, a new survey has discovered. The lure of good universities and schools, the ease of buying property and moving money, and the ability to travel freely within the European Union means increasing numbers of the super-rich from Russia, China and India want to become citizens in the UK...

  • How investors will beat the latest buy-to-let crackdown
  • There is a way around the restrictions on mortgage tax relief announced in this week’s Budget. Hundreds of thousands of landlords are likely to see their profits fall thanks to changes announced in this week’s Budget which will limit the amount of tax relief they can claim on mortgage costs. The Chancellor, George Osborne, revealed that the Government will restrict the relief on mortgage interest payments...

  • Highlight of the summer budget 2015
  • The most significant announcements from the July 2015 Budget for the prime central London property market were those related to non-doms, buy-to-let mortgages and inheritance tax. Abolishing permanent non-dom status from April 2017 and making it impossible for this group to avoid inheritance tax will ensure that the market remains price sensitive. A reduction in tax relief to 20% on...

  • Market overview summer 2015
  • It is only now becoming clear just how profound December’s reform of Stamp Duty Land Tax (SDLT) was on the prime central London market. The chancellor’s announcement was made six months before the election, which meant that the full extent of the new stamp duty legislation was disguised for many months. Prime central London (PCL) transactions in the first half of 2015 were 22.7% down on the same period...

  • International investors rush back into UK property market
  • Estate agents were reporting calls from buyers at the top end of the property market, as the Conservatives’ shock election win lifted fears of a mansion tax on £2m-plus homes. “We are already taking calls from international buyers who want to get back into the market,” said Michelle van Vuuren, managing director of residential development at Sotheby’s International Realty UK. “At the top end – for the next five years at least...

  • Billionaire businessman unveils amazing plans to transform multi-storey car park into £2BILLION apartments to rival world's poshest homes
  • London is the most influential city in the world, according to analysts at Forbes, despite Britain being a “second-rate” global power. New York came a close second, followed by Paris and Singapore as the annual list signalled a shift of power to “savvy” cities, rather than the largest or fastest growing. Joel Kotkin, urban geographer Ali Modarres, analyst Aaron Renn and demographer Wendell Cox assessed...

  • How London is becoming the new Monaco: Gap between the most expensive properties is closing fast thanks to 28% jump in British capital in just two years
  • With its tax breaks for the super-wealthy, its Mediterranean climate and beautiful sea views, Monaco has long boasted the world’s most exclusive property market. But a new study has found the gap between house prices in prime London and Monaco is closing. For decades, Monte Carlo has attracted the world’s rich and famous including Sir Roger Moore, Dame Shirley Bassey and Sir Philip Green. Yet...

  • London tops Forbes list of the world's most influential cities in 2014
  • London is the most influential city in the world, according to analysts at Forbes, despite Britain being a “second-rate” global power. New York came a close second, followed by Paris and Singapore as the annual list signalled a shift of power to “savvy” cities, rather than the largest or fastest growing. Joel Kotkin, urban geographer Ali Modarres, analyst Aaron Renn and demographer Wendell Cox assessed...

  • Indiabulls buys land in London for £155 million; plans to convert building into luxury residential property
  • MUMBAI: Indiabulls Real EstateBSE 0.33 % has paid £155 million (Rs 1,550 crore) for a commercial property in London's Mayfair, marking the third significant realty investment in London by an Indian realtor since November 2013. The Mumbai-based developer has bought a 87,444 sq ft property, 22 Hanover Square, in an auction from the Scottish Widows Investment Partnership, which is now part of...

  • Budget 2014: Osborne Slaps 15% Stamp Duty Tax on Residential Properties Worth Over Half a Million
  • Chancellor George Osborne has slapped a 15% stamp duty tax on residential properties worth over £500,000 that are purchased through companies. In the Budget 2014 announcement, Osborne said "we will expand the tax on residential properties worth over £2m to those worth more than £500,000." Initially, Britons hoped to hear about whether the government would allow sellers to deduct the value of stamp...

  • Prime property in London expected to outperform gold and stocks and shares
  • Prime residential property in London will outperform other major asset types in terms of growth this year, according to the latest index from agents Chesterton Humberts. It is forecasting that capital values will rise 10.1%, compared with a 7.8% rise for the FTSE 100 Index and 1.4% for gold and believes that this will encourage investors to gravitate towards property over the next 12 months. The index report says...

  • Next wave of super-rich heading for London as new crises bite
  • Political and financial upheaval in some of the world's largest emerging economies is driving a new wave of rich migrants to London's supercharged property market as a place to park their wealth, data from a leading real estate agency showed on Friday. Knight Frank, a specialist in upmarket properties, said it had seen online enquiries about British homes from crisis-hit countries such as Argentina, Ukraine and Turkey soar...

  • Lenders expect to increase funding for residential development in 2014
  • The residential development funding landscape has changed markedly over the last year, becoming more accessible than at any time since the financial downturn, according to specialists at Knight Frank. A new comprehensive survey of lenders active in the residential development market from Knight Frank finds that this trend is set to continue, with a majority of lenders planning to increase their funding of residential...

  • Non-residents to pay CGT on UK home sales from 2015
  • Capital Gains Tax will be imposed on foreign-owned property sales in the UK from April 2015, but industry experts say the move will make little difference to the market. From April 2015 foreign property investors will have to pay Capital Gains Tax on UK property sales, it has been announced. Even so, some industry experts believe the move, which was widely forecast, will make little difference to the overseas property sector...

* DISCLAIMER: LPP does not own or claim to own any rights to the above presented articles, all news articles are and remain the property of their authors/owners/publishing websites, these third-party articles are provided for your convenience/informational purpose only.

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