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Empty homes: normal rules do not apply to super-rich in London

Even the prospect of collecting £10,000 a month is not enough to encourage wealthy owners to fill their vacant properties There is something odd about Kensington and Chelsea. Across England, the number of homes left empty for six months or more fell by more than a third between 2006 and 2016, and in London it […]

Which five London boroughs are actually in demand for homebuyers?

Which five London boroughs are actually in demand for homebuyers? Before the referendum, many pointed to London as the property market that would be hit hardest by leaving the EU. Its luxury market had been weakening, a victim of stamp duty hikes for both high-value properties and investors. That has been compounded by political and […]

The London skyscraper that is a stark symbol of the housing crisis

The London skyscraper that is a stark symbol of the housing crisis Exclusive: Tower underoccupied, astonishingly expensive, mostly foreign owned, and with dozens of apartments held through secretive offshore firms A Russian billionaire whose business partner is a close ally of Vladimir Putin, the former chairman of a defunct Nigerian bank and a Kyrgyz vodka […]

Super-rich may quit London homes under new anti-corruption rules

Super-rich may quit London homes under new anti-corruption rules Estate agent predicts some billionaire clients will sell property if no longer able to keep identity secret via offshore firms Super-rich international investors in London property are likely to sell off some of their mansions and penthouses after the introduction of anti-corruption rules cracking down on […]