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Why Making Non-Doms Pay Tax on Worldwide Earnings Will Affect the London Prime Property Market

The status of “non-domiciled” individuals, or “non-doms,” has long been a significant factor in the dynamics of the UK tax system and, by extension, the London prime property market. Non-doms are individuals who live in the UK but declare their permanent home, or “domicile,” outside the country, allowing them to avoid paying UK tax on […]

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Overview of Permitted Development Rights Changes for Commercial to Residential Conversion in the UK (March 2024)

Overview of Permitted Development Rights Changes for Commercial to Residential Conversion in the UK (March 2024) Permitted Development Rights (PDR) play a significant role in the UK’s planning system, allowing certain developments to proceed without the need for planning permission. In March 2024, substantial changes were introduced to PDR concerning the conversion of commercial buildings

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Revolutionising The Housing Market: The Blockchain Disruption

Introduction: The real estate industry, often regarded as a traditional and slow-moving sector, is on the brink of a technological revolution. Blockchain, the underlying technology behind cryptocurrencies like Bitcoin, is disrupting various industries, and real estate is no exception. In this article, we’ll explore how blockchain is transforming the real estate industry, its potential benefits,

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THREE RASONS FOR SMALL AND MEDIUM SIZED HOUSE BUILDERS TO BE CHEERFUL IN 2024.

House builders should look to 2024 has an opportunity to start building again. House prices are not tanking, mortgage rates look to be going down this year, construction workers and materials are more available than they were. We will consider each one in the article below. 1: House Price Recovery Continues Alongside Improving Mortgage Rates

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THE CURRENT STATE OF LONDON’S PRIME HOUSING MARKET

London’s prime property market faces a challenging landscapepost-stamp duty holiday. Mortgage approvals are over a third below thefive-year average, reflecting weakened demand amid rising rates and the Bank of England’s inflation struggle. The market contends with election uncertainty and global conflicts, fostering a pervasive sense of unpredictability. Prime London postcodes mirror this sentiment. October 2023

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THOUGHT THE BANK OF ENGLAND MAKES INDEPENDANT DECISIONS ON UK INTEREST RATES? READ THIS

HOW US TREASURY BONDS AFFECT INTEREST RATES IN THE UK US treasury bonds are debt securities issued by the US government. They influence the interest rates of other countries, including the UK, in two ways:Exchange rate: When the US raises its interest rate, it makes US bonds more attractive to investors, who demand more US

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WHY DEMAND FOR RENTAL ACCOMMODATION SURGES IN THE UK PROPERTY MARKET

The UK rental market has been experiencing a surge in demand and a shortage of supply in recent years, resulting in rising rents and fierce competition among tenants. According to Zoopla, average rents for new-lets have increased by 11.1% in the last 12 months, while earnings had increased by only 6.7%. Rents have risen by

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