JP Morgan's Canary Wharf Tower Depends on Tax Breaks
JP Morgan gets approval for Canary Wharf's tallest tower at 265m, but the £3bn project requires controversial tax incentives to proceed, promising 7,800 jobs and £10bn economic boost.
Category : Property Market
Milan's Flat-Tax Attracts Wealthy from Dubai Amid Tensions
Italy's flat-tax regime is enticing wealthy investors to Milan as Dubai faces security concerns, driving up property prices and reshaping the city's luxury landscape.
UK Man Buys Sicilian Home for Under £19,000
Jonathan Smith, a 39-year-old from Manchester, purchased a derelict villa in Sicily for just €21,500, escaping UK living costs. He documents his renovation journey on YouTube as part of a growing trend of Brits seeking affordable European properties.
Housing Market Slows: Auction Clearance Rates Hit Multi-Year Low
Preliminary data reveals Australia's auction clearance rate dropped to 55.5%, potentially the lowest since the pandemic, with Sydney and Melbourne prices declining.
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Record £270m Chelsea Mansion Sale: Buyer Unknown
Providence House in Chelsea has reportedly sold for over £270 million, potentially making it the most expensive residential property ever sold. The buyer's identity remains undisclosed.
Billingsgate and Smithfield Markets Redevelopment Scrapped
Plans to redevelop the historic Billingsgate and Smithfield markets site in East London have been scrapped, marking a major shift in the city's property landscape.
Mansion Tax Hits 165,000 Homeowners, More Than Expected
The UK's mansion tax will affect 165,000 properties in its first year, 45,000 more than initially forecast. Homeowners are already adjusting sale prices to avoid the levy, with London boroughs disproportionately impacted.
Top 14 Commuter Towns Near London for 2026
Discover the best places to live near London in 2026, from Lindfield to Milton Keynes, offering ideal commutes, amenities, and quality of life in the Home Counties.
Billionaires' Row Decay Reflects UK Economic Challenges
A visit to London's Bishops Avenue reveals decaying, empty mansions that serve as a stark metaphor for Britain's economic struggles and declining confidence among the wealthy.
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Traditional English Farmhouses for Sale in Pictures
Explore a curated selection of traditional farmhouses for sale across England, from a 300-year-old stone property in Somerset to a newly renovated smallholding in Northumberland.
JMW Real Estate Head Shares Housing Market Optimism
Sophie Maryan, head of residential real estate at JMW Solicitors, discusses her career journey, leadership philosophy, and positive outlook for London's property market despite economic challenges.
Gateshead's 'City Within a City' to Rise Near Metrocentre
A massive new residential complex called Metro Riverside will bring over 4,500 homes and 5,000 jobs to Gateshead, creating a walkable '20-minute neighbourhood' with waterfront views and enhanced transport links near the UK's second-largest shopping centre
JMW Real Estate Head: Not Worried About Housing Market
Sophie Maryan, head of residential real estate at JMW Solicitors, shares insights on her career journey, London's property market, and balancing family life with professional success in an exclusive interview.
Reform UK Donor Sells Chelsea Mansion for £275m Record
Nick Candy, Reform UK's honorary treasurer, has sold his Chelsea mansion for a reported £275 million, believed to be London's most expensive property sale on record, amid his political fundraising role.
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WWII Bunker Converted into Luxury Home in Bicester
A former World War Two decontamination bunker in Bicester, Oxfordshire, has been converted into a two-bedroom luxury home priced at £650,000, blending historical architecture with modern design.
Kylie Jenner Lists $20.3M Hidden Hills Mansion as New Home Nears Finish
Kylie Jenner has listed her Hidden Hills mansion for $20.3 million while her custom-built 18,000-square-foot estate with 15 bedrooms nears completion after five years of development.
Nick Candy Sells £270m Chelsea Mansion in Record Deal
Reform UK fundraiser Nick Candy has sold his Chelsea property for approximately £270 million, marking what is reported as the most expensive residential sale ever recorded in history.
Berkeley Halts Land Purchases and Hiring Amid Iran War Impact
London-focused housebuilder Berkeley suspends new land acquisitions and implements hiring freeze as geopolitical volatility and reduced rate cut potential weigh on property market.
Land Values Soar, Squeezing Young Australian Homebuyers
Australian household wealth surged by $1.75 trillion in 2025, with land accounting for nearly half. Land values now triple dwelling values, creating barriers for first-time buyers.
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Hotel Investment Tops £1.1bn Amid Business Rate Hikes
British hotels attracted over £1.1 billion in investment during Q1 2026, a 63% year-on-year increase, despite facing significant business rate increases and market uncertainty.
Berkeley Shares Plunge 17% After Land Buying Freeze
Leading housebuilder Berkeley's stock plummeted after pausing new land acquisitions, citing unprecedented costs, regulation, and Iran war volatility impacting London's property market.
Abandoned Golf Course in Chessington to Become 256 Homes
Developer Ashill Land Ltd proposes 256 homes, half affordable, and a 14-acre park on the former Chessington Golf Centre site, unused since 2015, pending council approval.
Cavendish Bank Eyes £56M Revenue Despite London IPO Decline
UK investment bank Cavendish expects to post £56 million in revenue for 2024, defying a significant downturn in London IPOs. The firm's diversified strategy and focus on private markets drive its resilience.
Tax Rules Fuel Property Speculation and Housing Crisis
Australia's capital gains tax discount and negative gearing rules have created artificial incentives for property investment, driving up house prices and worsening affordability, according to e61 Institute analysis.
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Sydney, Melbourne House Prices Fall as Rates, Iran War Spook Buyers
Median house prices in Sydney and Melbourne dropped in early 2026 due to RBA interest rate hikes and Middle East conflict fallout, with auction clearance rates falling nationally.
Blackrock Considers HSBC's Canary Wharf Tower for HQ
Global asset manager Blackrock is evaluating HSBC's 8 Canada Square tower in Canary Wharf as a potential new London headquarters, requiring at least 600,000 square feet of office space.
JP Morgan Wants Business Rates Cut for London HQ After $57bn Profit
JP Morgan, which reported $57bn net income in 2025, is negotiating a business rates discount for its planned Canary Wharf office, raising questions about corporate incentives in London.
UK House Prices Rise in March, Iran War May Slow Market
UK house prices increased by 0.9% in March, the fastest rate in 18 months, but surging mortgage rates due to the Iran conflict could dampen future activity.
UK House Prices Rise 0.9% in March, Economic Outlook Clouded
Nationwide reports UK house prices increased 0.9% monthly and 2.2% annually in March, but economists warn of potential downturn due to Middle East conflict and rising energy costs.
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House Prices Up in March But Iran War Clouds Property Outlook
UK house prices increased by 2.2% year-on-year in March, with London showing strong growth, but experts warn the Iran conflict could disrupt market momentum.
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