Foxtons Group Plc (FOXT.L) Announced in its interim management statement, that company’s performance in Q3 2014 was negatively impacted by a sharp and recent slowing of volumes in London property sale markets. The company’s turnover was £39.9 million, while its mortgage revenue grew by 13.8%. Additionally, the company remains debt free and generated £13.9 million of adjusted operating cash during Q3 representing an operating cash conversion rate of 98%.
Housebuilding at strongest levels since 2007, despite skills shortage: Housebuilding activity is at its strongest levels since 2007 as the recovery broadens out beyond London to the rest of the U.K., an industry body has reported.
High-end London house prices drop 20%: Luxury homes in prime central London, worth between £1 million and £2 million, have seen a drop in price of 20% over the past six months, as buyers are deterred by the talk of Mansion Tax and the impending general election.
Cargiant and Queens Park Rangers battle to build thousands of London homes: Two businesses have unveiled rival plans to build thousands of homes on the last big undeveloped site in London – even though neither has ever built a single house.
Homeowners in property worth over £3 million to be hit with £10k tax: Labour would tax homeowners in properties worth above £3 million over £10,000 on average per year, in some cases much more, according to research by the Institute for Fiscal Studies.
Housing market slowing, surveys show: More evidence that the housing market is slowing has emerged with figures showing a dip in mortgage lending and a Bank of England report pointing to growing caution among potential homebuyers.
Kingston’s Bentall Centre up for grabs with £200 million-plus price tag: Bentall shopping centre in Kingston upon Thames been put up for sale after one of its Owners appointed advisers to sell its 50% stake, with a price-tag of around £200 million.
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