The stamp duty changes set out by Chancellor Rishi Sunak in his summer statement yesterday will have long-lasting effects and could potentially lead to the property market making a more steady recovery according to Lynda Clark, chief executive of the First Time Buyer Group. Clark and other key industry figures have been reacting to the […]
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Almost half of brokers (41%) of brokers expect to write more buy-to-let business in the next 12 months, Paragon Bank’s Financial Adviser Confidence Tracker (FACT) index has revealed, These latest survey findings are a drop from the 43% of advisers who predicted more buy-to-let business in the first quarter of 2020, but up on the […]
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Three franchisees joined SDL Property Partners’ national block management franchise network during the COVID-19 lockdown. They were Middlesex-based Asset India, White Picket Fence and Belvoir London Westminster. Formed in 2011, Asset India is a real estate advisory and development company, that also has offices in India and Dubai. Belvoir London Westminster is an estate agency […]
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The typical London rent has dipped by 1.7% to £1,583 per month, research from HomeLet has found. Other areas have fared better, as the North West saw rents increase by 6.6% between June 2019 and 2020 – totalling £758 per month. Rents also rose by 3.8% in Yorkshire & Humberside, and by 3.1% in Scotland. […]
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Real estate professionals are divided on whether the Chancellor’s stamp duty holiday will prove to be a good policy. Buyers in England and Northern Ireland won’t pay stamp duty on the first £500,000 of the property sale with immediate effect until 31 March 2021. David Whittaker, chief executive of buy-to-let lender Keystone Property Finance, said: […]
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History tells us that the stamp duty holiday could have a negative impact on the market, argued London tax barrister Patrick Cannon. He compared the change to the stamp duty holiday introduced in 1992 from Norman Lamont, Chancellor of the Exchequer under Prime Minister John Major. The change could result in vendors raising their asking […]
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Four out of five (79%) first-time buyers in London will pay no stamp duty now the threshold has been increased to £500,000, compared to just one quarter (25%) previously, research from reallymoving has found. Despite previous changes to stamp duty land tax in 2017 aimed at reducing liabilities for first-time buyers, which saw the lower […]
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June saw a rise in high end listings in the US, after people waited to see what effect the pandemic will have in the past few months. Zillow research shows that listings for the most expensive homes were down by 9% year-on-year, a recovery from May when they were down 50% from the year before. […]
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Stamp duty in the UK has been abolished for all properties under £500,000 with immediate effect in new plans set out by Chancellor Rishi Sunak (pictured). The new temporary measures will be in place until March 31 2021. Currently there is no stamp duty on transactions below £125,000, or £300,000 for first-time buyers for properties […]
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According to the latest Home Purchase Sentiment Index (HPSI) by American mortgage loan company Fannie Mae, 61% of Americans believe now is a good time to buy a home. The HPSI increased to 76.5 points in June which represents a consecutive month of growth following a survey low in April. The index reports that consumers […]
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