Rising house prices in London over the past decade have turned a record number of homeowners in the capital into property millionaires.
Labour leader Ed Miliband said that owners of properties worth more than £2m would face an annual charge. New research by Property Division, the property investment news hub, reveals that 11,462 London properties would face this proposed tax.
While it comes as no surprise that Westminster and neighbouring Kensington and Chelsea are top of the list when it comes to boroughs with the highest number of £2m-plus properties, it is interesting to note that London’s property boom means areas not normally associated with wealth, such as Croydon and Tower Hamlets, also have properties that pass the mansion tax threshold.
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Chanel takes a cruise around Lake ComoThe last Chanel collection designed entirely by the atelier has been unveiled on the shores of Lake Como, in Italy.
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'Tate Modern has exploded the canon of art history, and transformed the public’s relationship with contemporary art'Artwork by Louise Bourgeois and Salvador Dali, among others, will be on display for the Tate Modern gallery's 25th Birthday Weekender event.
