Main image: London, United Kingdom - colorful houses in Camden Town district.
£4.6 billion in lost tax receipts and business revenue since 2014: Why the current stamp duty regime is hurting the UK economy
Notwithstanding the latest move to target foreign buyers, the government's incessant tinkering with high-end property levies has failed to optimise direct and indirect tax revenue, stifled economic activity, and deprived the market of the necessary liquidity and fluidity to function normally, argues Fraser Slater...
Fraser is the CEO and Founder of Ludgrove. With 25 years experience as a Fund Manager and Property Developer in Chelsea, Fraser started Ludgrove with an ambition to create London's leading property buying agency. Fraser has a flair for spotting undiscovered property opportunities. This combined with his professionalism and expert negotiating skills honed on City trading floors, have won him the trust of some of the worlds' leading businessmen and entrepreneurs. Besides property his passions include cricket, skiing, football, rugby and the stock market. Fraser has lived in Prime Central London for over 20 years.
Cutting Stamp Duty ‘could boost transactions by 40% and tax revenues by £9.8bn’
According to buying agency Ludgrove's workings, a 36% reduction in Stamp Duty rates across the board would likely lead to 40% additional transactions in England per annum, in turn generating an extra £1.
Budget 2020: Property industry reactions to the non-resident Stamp Duty surcharge & more
It was not unexpected, but the new 2% Stamp Duty surcharge for overseas buyers is not particularly welcome either, say most of our prime residential property industry insiders...
By PrimeResi
Stamp duty receipts tumble by £1 billion
Latest statistics from HMRC confirm a massive fall from £12.9bn in 2017/18 to £11.9bn in 2018/19, the biggest decline seen since the financial crisis
By PrimeResi
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Another senior appointment for Strutt & Parker in PCL
Andrew Chambers has followed in the recent footsteps of Claire Reynolds, moving to the BNP Paribas-owned heritage estate agency from UK Sotheby's International Realty.
By PrimeResi
Big London agency calls the bottom of the market
Chestertons says it has spotted the telltale signs that confidence is about to return.
Ranked: The world’s top 30 HNWI hotspots in 2025
Fresh Savills research reveals 'a dynamic reshaping' of global wealth migration - 'comparable to the expansion of air travel in the 1960s & 1970s.'
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UAE developer announces major acquisition in East London
Arada has agreed to buy an 80% stake in the £2.5bn Foster + Partners-designed Thameside West regeneration project.
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Manchester gets a taste of Nobu as De Niro joins groundbreaking ceremony
The global hospitality brand is making its UK luxury resi debut with a £360mn Salboy project set to be the tallest building outside London.
Burrows to head expanding brokerage’s New Homes division
Seasoned new-build specialist brings senior-level experience from Strutt & Parker, CBRE & John D Wood.
Knight Frank appoints new sales manager in Chiswick
New recruit Thomas Moore previously ran Foxtons' high-performing sales team in Fulham.
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Agents appointed on Bentry’s £100mn Islington scheme
Savills & CBRE are due to launch resi sales at Angel Village early next year.
By PrimeResi
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