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Knock Knock News: Conservatives cause fire sale, Hyde Park Barracks update while avocado bathrooms are out

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Every Monday the team at SellMyHome and RentMyHome bring you the latest, big-hitting and occasionally irreverent news from the world of property, keeping you abreast of the goings-on in the non-stop industry in which we live.

Fire Sale: More than £100 million worth of central London property was sold in less than 24 hours after the Conservatives won a majority at the general election. Fears over Labour's proposed mansion tax had been allayed, and more pertinently for wealthy buyers, the tax loophole for non-doms had been preserved. [The Guardian]

Hyde Park Barracks: Sir Stuart Lipton, the property veteran, has emerged as the latest runner in the race to turn the historic Hyde Park Barracks into luxury flats. The Daily Telegraph report that Lipton, who has specialised in vast commercial property schemes like Broadgate Circle in the City, is the favoured candidate to take on the project and bid for the barracks, which is owned by the Ministry of Defence (MoD) and is the iconic home to the Household Cavalry. The aforementioned newspaper suggests Lipton has the potential backing from Malaysian investors. [Daily Telegraph]

Avocado Out: The biggest property turn-offs for would be buyers has been revealed in a survey conducted by Barclays Mortgages. Topping the most hated things for potential buyers are avocado-coloured bathroom suites, whilst wood chip wallpaper and carpets in bathrooms also made the top ten. TV property expert Phil Spencer said: 'The UK's current view on home improvements and the most offensive styles is something every home improver should be aware of. Over the years I've learnt that simple is best…' [Daily Mail]

A House on the First Hole: A house overlooking the first fairway of the Old Course at St Andrews has become the most expensive property sold in Scotland this year. The four-bedroom terraced house went for more than £2.25 million just a week after it went on sale. It could not be better placed for golf fans since there is no room for a grandstand to be erected at the front of the property, and therefore affords unparalleled views of the likes of Rory Mcllroy and Tiger Woods. [Daily Mail]

Did you know?: Milo Properties, the property company owned by the Liverpool comic John Bishop, generated a profit of £932,577 for 2014 according to The Mirror. The business held a vast £9,456,350 as of August 31 2014, with his company raking in £18,000 a week. The financial records suggest Bishop's company held investments valued at £2.1 million and cash reserves of £4.7 million. [The Mirror]

Roll up, Roll up: A vast Los Angeles property could become the most expensive home ever sold. The £330 million 'super-mansion' has been designed by Paul McLean and will include a 30-car garage, a Monaco-style casino and "will have almost every amenity available in the world". Set to be one of the biggest homes in American history, the Bel Air property has been valued at $500 million. [The Mirror]

FIFA Scandal: More than a dozen mansions and beachside apartments were funded by the FIFA corruption scandal according to US prosecutors. The officials alleged to be caught up in the corruption scandal that has rocked football built illicit property empires that included sites ranging from a palatial style estate in Georgia to a luxury apartment overlooking Biscayne Bay in Miami. [Daily Telegraph]

Rise of the East: Pockets of housing market wealth are developing across the UK outside the traditional strongholds of London and the South East, due to rising prices. The East of England appears to be a region on the rise, benefiting from the London overspill and better value than counties such as Surrey. More than 950 £1 million plus sales occurred in the East in 2014 and was the highest performing region in England, Wales and Scotland, according to new research from the estate agent, Knight Frank. [Daily Telegraph]

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