We must legislate to curb the overseas tycoons buying up apartments and leaving them empty
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?
Hammond’s 100% extra tax on vacant property dismissed as ‘joke’ unlikely to hit wealthy buyers or spur re-use of housing
Market sentiment will remain ‘fragile’ amid uncertainty but start to recover towards the end of 2019, forecasts estate agent
Average drops are biggest in Kensington and Chelsea at £300,000, but prices are up £58,000 in Southwark, says Rightmove
Sum paid for City skyscraper by Hong Kong food conglomerate Lee Kum Kee is highest ever for a single UK building