The Market
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from LonRes, TwentyCi, Savills, Knight Frank, the ONS & more…
Industry Reactions: Kwarteng’s big ‘mini Budget’ & Stamp Duty cut
A surprisingly mixed set of responses from the property sector, featuring insights from Savills, Knight Frank, Rightmove, Maskells, Cluttons, Jackson-Stops, JLL, Winkworth, Carter Jonas, Chestertons,…
Stamp Duty slashed in Kwarteng’s tax-cutting spree
The nil-rate Stamp Duty threshold has been doubled to £250k, effective from today.
High-end listings up by nearly a third in London as vendors ‘test the market’
'How these instructions translate into sales will provide a good barometer for the wider health of the market in the months ahead', says LonRes.
BoE raises interest rates by 0.5% to 2.25%
The UK's base rate of interest has been rising since December 2021, as the Bank of England attempts to keep a lid on inflation.
Talking Heads: What would cutting Stamp Duty do to the housing market & economy?
It's being reported that Friday's "emergency mini-Budget" will feature a cut to Stamp Duty. Is this wise, and what impact might such a move have on the property market and on the wider UK economy?
Abrahmsohn on Truss’s ‘refreshingly radical’ plan to cut taxes
Super-prime estate agent Trevor Abrahmsohn hopes the new Prime Minister 'will succeed and be our Queen Boadicea in difficult economic times'.
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.