A rush to beat next week’s stamp duty holiday deadline has caused a 200 per cent increase in demand for removal firms, it has been claimed. A survey by an online comparison website for removal companies says that more than 500,000 people have moved in 2021 so far, across rental… Read More »Stamp Duty Removals Crisis as buyers try to beat deadline
There’s been a dramatic slump in instructions for online agencies, particularly Purplebricks, according to data produced by one online firm itself. 99Home has drawn up as list of online agencies and their number of listings on the major portals on February 1 and June 1 this year. 99Home claims the… Read More »Dramatic slump in instructions for Purplebricks, according to data
The row over whether agents should be allowed to vet people who view properties on the basis of their wealth has taken a new turn Savills in the Republic of Ireland took the unusual step of demanding detailed financial information from those wishing to view a new build scheme in… Read More »Vetting Buyers: row escalates over ‘proof of funds’ demand
One in 10 buyers say they will seek to renegotiate on the price of their chosen home if they miss the next stamp duty deadline – and five per cent may pull out of the deal. The data, from a Savills survey of around 750 buyers, adds that some 71… Read More »10% of wealthy buyers want discounts if they miss SDLT deadline
The frantic growth in house prices is showing its first sign of slowing down, says Rightmove. In its latest monthly market snapshot, the portal says asking prices rose 0.8 per cent – that’s the equivalent of £2,509 on the average asking price in just four weeks. This was the largest… Read More »Stamp Duty frenzy shows first sign of slowing – Rightmove
The possible introduction of higher levels of Capital Gains Tax for the sale of buy to let, holiday homes or even principal residences appears to have been put on the back burner. CGT reform has long been mooted by the government’s own Office of Tax Simplification and announcements were expected… Read More »Capital Gains Tax threat to homes put on back burner
Average house prices in the year to the end of April increased by 8.9 per cent according to the government’s Office for National Statistics official index. This is down from a 9.9 per cent increase in the year to March. It’s the first fall in growth for almost a year, since… Read More »Surprise house price growth drop – a slowdown or a blip?
The MP who chairs one of the most important committees in the House of Commons has urged the government to increase stamp duty immediately to stop runaway house prices and investors treating properties as assets, not homes. Meg Hillier is the chair of the Public Accounts Committee, which is charged… Read More »“Increase stamp duty immediately” urges senior MP
One of the country’s leading politicians says a yet-to-be-revealed way of taxing property sales could be one way of helping homes become more affordable to local buyers. Mark Drakeford – Labour’s first minister in Wales, and now well-known throughout the UK for his role during the pandemic – says: “It’s… Read More »Leading politician says sales tax on homes could help local buyers
