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The measures, framed by the Chancellor as ensuring “those with the broadest shoulders pay their fair share,” are set to reshape the housing market and significantly increase costs for landlords.

1 Mayfair is set to deliver 24 new residences including lateral apartments, penthouses and townhouses, plus five staff suites and a realm of “stately home inspired” entertaining spaces and lounges set around central gardens.

The Conservatives have also declared in favour of a crowd-pleasing update: leader Kemi Badenoch announced last week that her party would “abolish Stamp Duty” if they returned to power.

One of Dubai’s most dynamic luxury developers has unveiled ELLE Residences, its latest landmark project redefining branded living in the region.

The historic Baronesa Palace in Lisbon will be converted into a luxury aparthotel by the Dutch group The July, following a €29 million syndicated loan.