The real estate agents are reporting that Hong Kong buyers are investing in London’s prime housing market on above-average levels. Beauchamp Estates London reports in its new wealth survey that over the past 6 months it has sold more than $374 million worth of luxury London residential property to Hong Kong buyers. Hong Kongers bought…
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London has excelled at creating jobs and opportunities, in recent decades. At the same time, London’s government had failed to build the homes they needed. But, the London Mayor and the UK government is now considering airspace development a key solution to the housing crisis. The Ministry of Housing, Communities and Local Government reportedly proposed…
According to the latest UK Property Transactions Statistics by HMRC, residential property transactions rose to 63,250 between May and June this year – a rise of 31.7%. However, largely due to the pandemic, this figure is still 35.9% lower than the same period a year earlier. On a non-seasonally adjusted basis, the number of…
Boris Johnson has announced the “most radical” reforms of the planning system since the end of the Second World War, as he pledged to “build a more beautiful Britain”. The Prime Minister pledged to “build better and build greener”, adding: “but we will also build faster”. It will become easier to get permission to turn…