London property prices breaking new ground
In September 2012’s edition of the Receivership Update, Walker Morris’s article ‘London calling…’ discussed the rising disparity in property prices between the north and the south and, indeed, between London boroughs themselves.
This division appears to breaking new ground, with news in April that the most expensive house ever sold in the UK achieved a £250m price tag in the same week that the cheapest house ever sold (aside from the rare occasion when estates have been given to developers for free by local councils) was released for the grand old price of £1.
The differences between the two properties are undoubtedly numerous (the latter property for instance is in a state of dilapidation requiring major renovation) but given that one property is in central London and another in Stoke-on-Trent, the juxtaposition in values provides a useful indicator of one of the key factors behind the current housing crisis and should make interesting reading for receivers looking to realise property assets up and down the country…
If you are registered and logged in to the site, click on the link below to read the rest of the Walker Morris briefing. If not, please register or sign in with your details below.
News from Walker Morris
News from The Lawyer
Briefings from Walker Morris
Ofgem and DECC have jointly published an action plan of measures to encourage the growth of independent energy suppliers.
The Finance Act 2014 will change the economics of using tax avoidance schemes by requiring payment of disputed tax upfront in cases involving numerous marketed tax management schemes,
Analysis from The Lawyer
The law school war shows no signs of ending. But we have, perhaps, reached the end of the beginning.
New EU rules and lawyers’ increased comfort with digital formats are sparking a sea-change in the way law firms manage their documents