-
1 week ago | 
news.bloomberglaw.com | Damian Shepherd
The number of London homes for sale at £5 million ($6.8 million) or more rose to the highest on record last month, as the nation contends with the departure of wealthy foreigners looking to escape tax hikes. There was a 22% year-on-year jump in these homes on the market at the end of May, according to data from researcher LonRes.
-
1 week ago | 
news.bloomberglaw.com | Damian Shepherd
The number of London homes for sale at £5 million ($6.8 million) or more rose to the highest on record last month, as the nation contends with the departure of wealthy foreigners looking to escape tax hikes. There was a 22% year-on-year jump in these homes on the market at the end of May, according to data from researcher LonRes.
-
1 week ago | 
bloomberg.com | Damian Shepherd
(Bloomberg) -- The number of London homes for sale at £5 million ($6.8 million) or more rose to the highest on record last month, as the nation contends with the departure of wealthy foreigners looking to escape tax hikes. There was a 22% year-on-year jump in these homes on the market at the end of May, according to data from researcher LonRes.
-
1 week ago | 
news.bloombergtax.com | Damian Shepherd
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
-
2 weeks ago | 
bloomberg.com | Damian Shepherd
Newly built homes in Bishops Stortford, UK. Photographer: Chris Ratcliffe/Bloomberg(Bloomberg) -- Chancellor of the Exchequer Rachel Reeves committed £39 billion ($52.6 billion) to affordable housebuilding in the UK spending review, as the government seeks to regain momentum in its bid to build 1.5 million homes.
-
2 weeks ago | 
bloomberg.com | Damian Shepherd
Newly built homes at a Bellway Plc development. (Bloomberg) -- Bellway Plc lifted its guidance on home sales after a period of “improved affordability” supported an uptick in deals over the past few months. The builder said it expected to sell between 8,600 and 8,700 homes in the year through July 2025, up from previous guidance of “at least 8,500”, according to a statement Tuesday.
-
1 month ago | 
bloomberg.com | Damian Shepherd
Angela Rayner(Bloomberg) -- Just a year ago, UK Deputy Prime Minister Angela Rayner gave a rousing speech at the UKREiiF property conference in Leeds, with her promise to “get Britain building again” drawing rapturous applause from the developers gathered at the annual event. But this week, her message at the same forum wasn’t so upbeat.
-
1 month ago | 
news.bloomberglaw.com | Damian Shepherd |Abhinav Ramnarayan
Blackstone Inc. priced £270 million ($359 million) of commercial mortgage backed securities, the first in Europe since US President Donald Trump’s tariff announcement in early April. The transaction is secured against a loan on 2,123 affordable and social rent properties managed by Blackstone’s Sage Homes business, according to a statement Friday. The five-year loan, with two potential one-year extensions, priced at 220 basis points over UK benchmark rates.
-
1 month ago | 
bloomberg.com | Damian Shepherd
UK homes. (Bloomberg) -- Britain’s largest listed residential landlord boosted its dividend following a bumper period of rental income. Grainger Plc said its net rental income grew 15% to £61.3 million ($81.4 million) in the six months through March, according to a statement Thursday. That’s enabled the company to increase its interim dividend to shareholders by 12%. “Investment activity in the build-to-rent sector is very buoyant,” said Helen Gordon, chief executive officer of Grainger.
-
1 month ago | 
news.bloombergtax.com | Ambereen Choudhury |Damian Shepherd |Ben Stupples |Zainab Fattah
Lakshmi Mittal, among Britain’s richest residents, is the buyer of one of Dubai’s priciest mansions, people familiar with the matter said. The India-born billionaire snapped up a palatial home in a gated community known as the “Beverly Hills of Dubai,” said the people, who didn’t want to be identified speaking publicly about the purchase, adding the home sold earlier this year.
