The Market
Westminster mulls affordable housing plan for ‘dirty money’ mansions
Labour-controlled council is investigating how compulsory purchase orders could be employed to take control of properties which 'are not being used for their stated purpose'.
Truss set to cut Stamp Duty to ‘encourage economic growth’
The Prime Minister and Chancellor will announce a reduction in property transaction taxes on Friday, suggests The Times.
Clarke names new Housing & Planning Minister
Lee Rowley has become the latest Tory Housing Minister
Inflation-linked S106 payments ‘could be the straw that breaks the camel’s back for some developments’
"Some projects could become economically unviable if local authorities force developers to increase Section 106 agreements in line with runaway inflation," warns Boodle Hatfield.
Balance returns to the housing market as new sales instructions climb
"We’re still a long way off a housing market crash, but things are showing signs of cooling somewhat," reports TwentyCi.
Buyer & seller sentiment ‘remarkably resilient’ as stock levels hit 15-month high
Property portal OnTheMarket is expecting the market to become less competitive as we head deeper into autumn, although there's no sign of a significant drop-off in buyer and seller sentiment just yet
Pets in Properties: Shaggy dog stories & rental reform
Following the White Paper for the Renters Reform Bill, and the proposed new rules for tenants being allowed to keep pets in rental properties, law firm Boyes Turner has had a look into the current position…
Country house market ‘takes a breath’, but buyer appetite remains strong
Knight Frank conducted 16% fewer country house viewings last month than in a typical August, but accepted 33% more offers.
Chancellor Kwarteng to deliver ‘emergency mini-budget’ on 23rd September
The new Prime Minister has promised to cut taxes.
Immediate buyer urgency has stalled – Savills
Sellers will need to become 'much more realistic' in the short-term, warns agency.
Rental demand will continue to outweigh supply this year in Prime London – Knight Frank
'It won’t become a tenants’ market any time soon,' writes Knight Frank's Tom Bill, as the firm's latest PCL index tells of continued double-digit rental growth.
Ranked: The world’s millionaire capitals in 2022
London has fallen further down the wealthiest city rankings, with fewer millionaires now calling the UK capital home than New York, Tokyo and San Francisco.