When Dubai resident Mohy Shams heard about UK finance minister Rishi Sunak’s stamp duty holiday for residential property purchases last July, he jumped at the opportunity to make a saving.
In the past year, many of us who live in towns or cities have been forced to embrace a more local way of life. Working from home, we’ve become regulars at our local coffee shops, or at neighbourhood businesses we rarely used before, patronising those on our doorstep instead of rushing off to the office for a Pret al desko.
The growth in sales was strong over the summer, but activity is waning as the end of the stamp duty holiday draws closer?
After a tumultuous year, what lies in store for London’s prime property market in 2021? And where will the wealthy be looking to invest? The experts share their knowledge.
Aside from all else, 2020 has been the year that really put our homes through the wringer.
The property predictions for 2021 continue to roll in, as the sector looks ahead to the upcoming 12 months.
UAE residents looking to buy a property in the UK after the country exits the European Union can continue to sign up for expatriate mortgages, say analysts, after one of Britain’s biggest retail lenders barred applications from non-residents.
Prices of London’s most expensive homes are at the lowest level in seven years, with some buyers able to strike bargains not seen since the financial crisis.
Prices of London’s most expensive homes are at the lowest level in seven years, with some buyers able to strike bargains not seen since the financial crisis.
In July, Tel Aviv-based corporate lawyer Ami H Orkaby bought an apartment in London’s Mayfair. When he can fly to London he intends to use it himself, making the most of the expensive restaurants, the shopping and Annabel’s private members club on his doorstep.
Footballers in the Home Counties are having to move into hotels ahead of the new season as the supply of high-end rental homes has dried up.
Wealthy Hong Kong residents seeking to escape the city’s political upheaval are flocking to London, offering a potential lift to the capital’s ailing luxury housing market.
