Foxtons, known for its fleet of branded Mini Coopers, has been hit by a slowing property market in London, where surging prices in recent years have left many buyers unable to afford a home in the capital. Demand has also been hit by Brexit uncertainty and higher stamp duty on second homes. … [Read more...] about Foxtons closes six London branches in ‘challenging’ market
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'We didn't want the scheme to take the attention away from the architecture, we wanted it to embellish and accentuate it. With such huge and open spaces, we were conscious that the space might feel intimidating and overwhelming to potential buyers, so we wanted to create a scheme that would make it feel cosy and homely while remaining luxurious and opulent.' … [Read more...] about Is this the most luxurious new-build on the British property market? Mansion for sale at £17M includes a ballroom that turns into a swimming pool, a car turntable and a wine cellar full of Chateauneuf-du-Pape
The Retail Economics chief executive, Richard Lim, said some retailers were facing big problems. He said: “One retailer I spoke to relied on one component being produced in China that they haven’t been able to get for five to six weeks. They will run out of their main product which accounts for 70% of their sales within weeks. This is a well-known UK retailer that has over 600 stores.” … [Read more...] about Coronavirus leads to worst week for markets since financial crisis
RENTAL YIELD CALCULATION ON A ONE-BEDROOM SERENITY SKY VILLA FLAT COSTS: Purchase price £259,420 VAT 10% £25,942 Maintenance fund 2% £5,188 Registration fee 0.50% £1,297 Furniture £4,348 TOTAL COST £296,196 RENTAL INCOME Monthly income £1,159 Rental income £13,913 PIT + VAT 10% -£1,391 Management fee -£519 Net Income £12,003 Net ROI 4.10% Source: Savills (All costs are estimates for illustration only) … [Read more...] about Luxury flats with swimming pools on every BALCONY costing up to £2m are unveiled in Vietnam – one of the fastest-growing property markets
More from Business Coronavirus: FTSE 100 loses £200bn in worst week for global shares since 2008 Coronavirus: easyJet and BA owner cut European flights Former Barclays bosses cleared of fraud over £4bn Qatar deal Flybe chief warns on regional routes if airline collapses Coronavirus could mean economic growth downgrade for UK, Mark Carney warns Nationwide leads race for £1.9bn Sainsbury's Bank deal … [Read more...] about Coronavirus: How does the global market chaos compare with the 2008 crash?