Commercial Property Surge in Central London
Central London has seen a large uptake in office space over the past four weeks. This has been dominated by the creative industries such as advertising and public relations agencies and fintech firms. Figures are up by almost one third on October last year. Off plan leasing deals have also increased dramatically with more than half of the buildings currently being built having deals undergoing due diligence by London solicitors.
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Special Offer On Conveyancing
Due to the recently recorded fall in established landlords entering the property market making buy-to-let investments there are unrivalled opportunities for new entrants. This has been perceived by a drop in serial investors mortgage approvals by more than half over the last quarter.
Share This:- Commercial Solicitors Merge
Two international substantially commercial firms are likely to merge that if successful would create the largest listed firm of solicitors in the country. Further details will be divulged if and when it completes.
Share This:- Property Buyers are Returning to the City
Just under £1.4bn has been invested in commercial property in the City’s square mile from January to July this year which was practically the total invested in the area last year. Significant deals in the range of £250m have been completed amid a general air of confidence. Much of this purchasing activity has been carried out by UK fund managers.
Share This:- House Prices Are Falling Month on Month
The cost of purchasing a home in London is now double that of the rest of the country; yet prices nationally have been decreasing over the past three months.
Share This:- Employment Matters – Bonuses, Salary, Restrictive Covenants, Equity and Tax
When considering employing at a senior level today the employer has to ensure that the contract takes into account the following issues:-
i) Bonuses and the form they take, as well as the salary
ii) Notice periods
iii) Restrictive covenants
iv) Equity and tax
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Commercial Property Sales Remain High
Growth, in flexible working space is continuing apace and also in warehouse facilities; the latter being the conduit of distribution for the burgeoning internet market. These storage edifices are reported to be best sellers especially in the home counties including London. Space being at a premium, may well see these commercial facilities appearing adjoining residential homes.
Current currency rates ensure commercial property in London retains its appeal to investors especially to those of Asian decent.
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Divorce Day is January 8th
So called due to the significant number of people seeking to terminate their relationship as we enter a new year.
Whether you are looking for a rottweiler to divide up business and property assets or for someone who offers a more conciliatory approach when dealing with your child arrangements we can recommend the right solicitor to you.
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Stamp Duty – Cut
Conveyancing solicitors are looking forward to an upturn in work volumes due to the recent Budget announcement by the Chancellor that stamp duty is abolished for first-time buyers of homes up to the value of £300,000. For properties that are up to £500,000 first-time buyers will not pay stamp duty on the first £300,000 and 5% from £300,000 – £500,000.
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Domestic Violence Offenders Should Be Registered
A report entitled Domestic Abuse in London has recommended that those charged with domestic violence offences should be registered in an attempt to rein in the ever fast rise in this crime.
Between 2014 and 2016 an increase of 9380 incidents, 15%, has been recorded; in the latter year just under 72000 which is 10% of all crimes in London.
This make sense as the victims of domestic violence are usually the victims of re-offenders.
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