SDLT receipts dip just 6% despite Stamp Duty holiday
HMRC brought in £775m in Stamp Duty receipts in the year to February 2021, £49m less than the £824m recorded in February 2020.
Total UK housing value climbs to a record £7.56 trillion high
The total value of the UK’s housing stock has escalated to £7.56 trillion, rising by £380 million in 2020 despite the pandemic and global economic uncertainty.
One year on: Five emerging trends that will shape post-pandemic cities
While we cannot be certain what new normal will emerge in our cities, the acceleration of several emerging trends over the last year has helped to elucidate the general direction of travel, writes Ciaran Hagan.
FT: The problem with the UK house price index
Valentina Romei explains the pros and cons of the UK’s various housing market indices – and how to read them – in this useful guide for the Financial Times.
‘London remains a gold standard’: The outlook for Chinese property investment in the UK
Post-Brexit 2021 UK-China Property Investment Outlook: Where, what and why are Chinese HNWIs and investors buying and developing in the UK property market?
London’s high-end homebuyers ‘paid 12% of the stamp duty owed across England last year’
The 675 £3m+ deals recorded in the capital in 2020 generated a combined total of £368.6m in stamp duty, according to research by Enness Global.
PCL set to ‘rebound strongly’, says Savills, as it upgrades prime & mainstream property price forecasts
“Prime Central London offers a real buying opportunity” this year, says Savills, as it predicts >20% price growth over the next five years.
Analysts & commentators revisit forecasts as market continues to defy gravity
The UK housing market will continue to defy predictions of a slump, says Bloomberg Intelligence, but the longer-term outlook ‘remains uncertain’.
OBR upgrades property market forecasts
The Office for Budget Responsibility is rather more bullish on house price inflation and transaction numbers than in November…
Lloyds expects house prices to fall this year
Lloyds Banking Group predicts that average property prices will fall by 3.8% by the end of 2021, with a downside risk warning of negative growth until at least 2024.
Why the Covid stamp duty holiday reveals big problems in the housing market
HM Treasury “misjudged” the property market when it introduced the Stamp Duty holiday last year, writes Michael Ball, Professor of Urban and Property Economics at the University of Reading’s Henley Business School. “What must have looked superficially to be a wizard policy idea – stimulating the housing market and gaining political bouquets from happy buyers at the same time – has rebounded badly.”
Why Hong Kong citizens will answer London’s siren call
An influx of Hong Kong residents should act to offset the negative impact of Covid on London’s population and dampen the notion that property prices are set to dive, writes Fraser Slater…