More than half of prospective homeowners have changed their priorities since the beginning of the coronavirus lockdown. Following a survey of over 2,000 buyers and renters, it has been revealed 86% of those surveyed who intended to move before the crisis still expect to do so according to Annabel Dixon at Zoopla. In addition, 94% […]
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Sean Randall, partner at tax and advisory firm Blick Rothenberg, has launched a scathing attack on the stamp duty holiday set to be announced this week. The minimum threshold for the tax could be temporarily raised to between £300,000 and £500,000 if reports are to be believed. Randall said: “First, who would choose to buy […]
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Conveyancing firm O’Neill Patient LLP (ONP) has recorded a significant increase in enquiries, instructions and completions in June year-on-year. The figures provide evidence of a market rebounding strongly from the damage caused by Covid-19. Adam Forshaw, managing director of ONP, said: “Against the backdrop of the coronavirus outbreak, this strong performance is evidence of the […]
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Mayor of London Sadiq Khan has called for the government to commit £5bn to London’s housing sector. Ahead of today’s economic statement from Chancellor Rishi Sunak, the Mayor (pictured) said a £5bn emergency investment package would keep London building, protect construction jobs in the capital, and increase the supply of new social homes. Khan said: […]
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Chancellor Rishi Sunak is expected to announce a temporary increase to the stamp duty threshold after news on the subject was leaked to the press. Currently stamp duty is charged at a rate of 2% between $125,000 and £250,000, as well as 5% between £250,000 and £925,000. The new threshold could be raised to start […]
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Manila and Budapest saw the strongest rise in annual price growth year-to-date and in Q1 2020 respectively, according to the latest Global Residential Cities Index from Knight Frank. Manila leads the annual rankings for the second consecutive quarter, with price growth of 22% in the year to March 2020, with Budapest following closely behind at […]
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Throughout the month of June, UK house prices saw 0.1% monthly decrease according to the latest Halifax House Price Index. The latest quarter showed that house prices were 0.9% were lower than seen in January to March. Despite the monthly decline, house prices in June were 2.5% higher than in the same month a year […]
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Housing association Metropolitan Thames Valley Housing has completed a £60m sale of 132 private sale units at its Clapham Park development, a regeneration scheme in south west London. The deal has been agreed with for-profit registered provider, ReSI Housing (ReSI), and the units have been converted from private sale to shared ownership. Metropolitan Thames Valley […]
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Demand for overseas property from UK househunters has reached record levels according to Rightmove Overseas. Data from Rightmove Overseas shows that searches on their platform reached an all-time high on 28 June as the government eased travel restrictions to certain destinations. The surge in interest for homes abroad resulted in more than one million searches […]
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Ipswich Building Society is withdrawing all of its buy-to-let products, including expat and holiday let mortgages with immediate effect. This follows a series of other product changes as the society seeks to service the enquiries it has already received to meet its desired response times. In June, the society withdrew its 5-year standard buy-to-let and […]
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