Despite the findings of Citibase’s survey suggesting otherwise, I believe London should be preparing to benefit from an exodus of nervous US investors fearing the worst, as Donald Trump commences his third week in power.
George Osborne’s planned cuts to corporation tax are aimed at encouraging businesses to continue investing in the UK following the EU referendum result but there remains the issue of SDLT and the effect this has had on transactions within property.
I read Colin Cottage’s thoughts on compulsory purchase orders (CPOs) with interest, and agree that the system is “certainly overdue intelligent scrutiny”. In fact, I think a complete reform of CPO rules is required.
It’s indisputable that the London property market has become a bank vault for investors in the UK and overseas, while Londoners who live, work and send their children to school in the city are increasingly priced out.