London is the wild west of the global property market – and it needs a sheriff
We must legislate to curb the overseas tycoons buying up apartments and leaving them empty
luxury real estate London
‘A pool in the basement is a clear marker of wealth’: how the super-rich are digging down
In London’s richest boroughs vast subterranean enclaves are being carved out over several floors to house cars, wine, saunas and private nightclubs. How did underground living – once associated with poverty and disease – become an investment scheme for the uber-wealthy?
Empty homes council tax rise unlikely to deter rich owners, say critics
Hammond’s 100% extra tax on vacant property dismissed as ‘joke’ unlikely to hit wealthy buyers or spur re-use of housing
London luxury property prices will stay flat until after Brexit, says Savills
Market sentiment will remain ‘fragile’ amid uncertainty but start to recover towards the end of 2019, forecasts estate agent
Asking prices for London homes record biggest falls this decade
Average drops are biggest in Kensington and Chelsea at £300,000, but prices are up £58,000 in Southwark, says Rightmove
London’s Walkie Talkie building sold for record-breaking £1.3bn
Sum paid for City skyscraper by Hong Kong food conglomerate Lee Kum Kee is highest ever for a single UK building