Estate agents, developers and tech chiefs hail Conservative landslide as good news for housing, although many demand action on Stamp Duty. The resounding Conservative victory over Labour and the Liberal Democrats in the General Election has been warmly welcomed by the property industry this morning, with many predicting a post-election ‘super bounce’. Economic and political uncertainty has stalked the housing …
Northern cities may dominate the tables for house price growth but a different picture is emerging for the rental market. New analysis claims to have uncovered the best UK cities for a landlord’s buy-to-let investment. The research by Aldermore assesses and provides a score for the average rent per room per month, short-term yield for a new buy-to-let purchase, average …
House prices will fall across the UK by an average of 1% next year, Chestertons has forecast. It says that London prices will fall by 2%, and forecasts that regardless of the Brexit outcomes, both prices and sales will fall. The firm believes house prices will revive in 2021 and then enjoy moderate growth. It is forecasting cumulative growth of …
Reservation agreements are likely to be back in the news on Wednesday when the Government is due to announce the results of a survey of consumers on the specific topic. Public reaction is understood to be highly supportive of legally binding agreements being made at acceptance of offer stage, designed to prevent fall-throughs and money wasted by both buyers and …
Annual house price growth froze at the start of the summer, sticking at its seven-year low in June. Land Registry data has revealed that average prices grew 0.9% annually in June to £230,292, level with May and the lowest rate since November 2012. Monthly growth also remained at 0.7%. House price growth was strongest in Wales where prices increased by …
Harry Hill, the industry veteran, who also founded Rightmove, made the remark on Twitter after seeing a long and highly critical Sunday Times article about the troubled agency group, which on Wednesday reveals its trading performance for the first half of 2019. The piece threw a particularly harsh light on the chairmanship of Peter Long. Hill tweeted yesterday lunchtime: “The …
A new call is to be issued today for Stamp Duty to be halved on homes which are main residences and are worth over £500,000. Right-wing think tank Onward also suggests that serious consideration should be given to scrapping Stamp Duty Land Tax entirely. The proposed halving would cost £3.3bn, but Onward says this would be covered by taxes on …
Conservative Party leadership contender Boris Johnson has confirmed his interest in switching Stamp Duty liability from the house buyer to the seller. The switch has been proposed over the years by a number of critics of the existing system, including the Association of Accounting Technicians. Johnson has now met with the AAT and agreed to examine their Stamp Duty recommendation …
Sellers urged to be ‘more realistic’ as price and sales slowdown The price and sales slowdown in London has started to spread further across the south of England, Zoopla has warned. Analysis by the portal – which defines southern England as the south-east, south-west and east of England – found that more than a third (36%) of homes in this …