Berkeley Group Holdings Plc, the U.K. homebuilder focused on London and the southeast, rose the most in more than two years after increasing its first-half dividend sixfold as part of a plan to return 1.7 billion pounds ($2.8 billion) to investors by 2021.
People living outside the U.K. will have to start paying capital gains tax on home sales starting in April 2015 as the government seeks to raise revenue and avert unsustainable increases in London property prices.
Former Bank of England policy maker Adam Posen voiced skepticism that planned changes to a central bank lending program will be sufficient to rein in the U.K.’s house-price boom and said more probably needed to be done.
The U.K. plans to impose capital- gains taxes on home sales by non-residents starting in April 2015 as the government seeks to raise revenue and avert unsustainable increases in London property prices.
Hutchison Whampoa Ltd. sold a second house in Hong Kong’s upmarket Victoria Peak area in a week for more than HK$500 million ($64 million), as developers accelerate sales amid expectations property prices are peaking.