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Business rates bills to soar

Retailers on London's West End shopping streets face an 80% surge in business rates bills according to new research. Property specialist Gerald Eve has found shops on Oxford, Regent and Bond Streets will pay a total of £293 million per year as a result of revaluation from today, which will come into effect in April 2017.

Capital tops international retail rankings

Credit: Dominic Lipinski/PA Wire

London attracts more international retailers than any other European city, according to a report published today.

The 'Destination Europe report, from global real estate adviser, JLL, found that Bond Street is the preferred street when it comes to luxury retailers. Retail space in New Bond Street can command €12,300 per square metre per year, making it the most expensive in Europe.

The capital pipped Paris, Moscow and Milan in the rankings.

London top in house prices rankings

Credit: Dominic Lipinski/PA Wire

House prices in London have risen by more than 17 per cent in the past year according to the latest survey.

Prices increased by at least five per cent in all of the UK's five largest cities for the first time in a decade, with London seeing the biggest rise (17.3 per cent.)

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