Delegates at the Resi 2012 conference heard that increased stamp duty was “repelling” wealthy buyers.
The late Tony Pidgley, then chairman of Berkeley, warned that the government risked scaring off overseas investors with its purchase tax policy, with housebuilders struggling to find buyers for homes in the £2m to £5m bracket.
A 7% tax on house sales over £2m was imposed in the March 2012 Budget.
Pidgley predicted the chancellor would raise less money, not more, because of the hike in duty.
Investment group Vanguard has taken space in Barings Real Estate’s Landmark office scheme in Manchester.
The office market is forecast to see the greatest fall in sales values over the next quarter compared to industrial, retail and leisure, with prices per square foot predicted to fall by 2.7%, according to Robert Irving Burns (RIB).
David Scott, who formerly held senior roles at Deliveroo and Tesco, has been appointed as chief operating officer at modular housebuilder ilke Homes.
Our week away in the south of France at Mipim is over for another year and it’s back to a banking crisis.
A trio of Japanese banks bought into the debt backing London landmark The Gherkin, in a deal secured by ING.
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