Welcome to the Winter edition of Real World from Dechert’s London Finance and Real Estate Group, keeping you up to date with recent developments in real estate law and practice.

In this issue:

- An A-Z for 2013 – A Run Down of Legal Developments Expected During the Year

- High Value Residential Property – Anti-Avoidance Update

- Proposals to Limit Judicial Review

- New Rules for Town and Village Greens

- Which Index – RPI, CPI or Something Else?

2012 was certainly a remarkable year for London. It will always be remembered as the year of the London Olympics and the Golden Jubilee but in the real estate context it was also the year the Shard was completed, Battersea Power Station was sold for re-development and Game, Comet, and HMV joined the list of famous High street names who called in the administrators. In this edition of Real World we look forward at legal developments expected during 2013 including new taxes on high value residential property, limits to be placed on the ability to apply for judicial review and to apply for registration of a town or village green and, following a consultation on changes to the retail prices index, we look at whether index linking should be by reference to the RPI, the CPI or another index. As always, I hope you find this edition useful and I welcome your feedback.