The Market
New British sanctions regime clamps down on ‘blood money’ property acquisitions
"Those with blood on their hands, the thugs and despots, the henchmen and dictators, will not be free to waltz into this country to buy up property on the King’s Road," declares Foreign Secretary Dominic…
Rents tumble in London as landlords fear Covid-19 ‘second wave’
Landlords have been cutting asking prices to avoid being left with an empty property on their hands if lockdown restrictions are tightened again, reports Chestertons
Treasury floats SDLT holiday as part of Coronavirus recovery measures
Rumours are circulating of a Stamp Duty holiday up to £500k.
Buy, Hold & Sell: How expensive are London’s property taxes on the world stage?
New research reveals the associated costs of buying, holding and then selling a property around the globe...
£5m+ country houses out-performed the rest of the market in Q2, as prime buyers start moving
“People are sensing an opportunity now" in the prime country house market, says Knight Frank's Edward Rook.
Half of homeowners have ‘reordered their priorities’; one in seven have cancelled plans to move home in the next year
A survey by Zoopla has revealed that one in seven (14%) of those who were planning to move home before the pandemic hit have cancelled or paused those plans for more than a year.
Covid-19 has created ‘a clear burning platform’ for a UK wealth tax
Covid-19 has created "a clear burning platform" for tax reform, which could well include a UK wealth tax, according to former Civil Service chief Gus O'Donnell.
‘Balance returns’ to the property market as supply picks up
Knight Frank reports that "after an initial burst of demand following the re-opening of the market on 13 May, the number of new sellers has risen and the ratio between supply and demand has normalised.
‘We can see the first green shoots of a recovery’: Mishcon’s James Liffen on the current state of the property market
"We can see the first green shoots of a recovery," writes James Liffen of Mishcon de Reya as he takes stock of the property sector's current situation, "but think it may be some time before the prime and…
Property investor-developers have reduced intended UK spend by £1.2bn, says the BPF
The British Property Federation has published a "Covid-19 recovery roadmap", suggesting that Stamp Duty be temporarily cut for institutional build-to-rent investors, and a reduction of VAT on residential…
PCL Notes: On the two-tier market, localisation & the Autumn gamble
We may be in the middle of the worst economic crisis in living memory, but certain properties are still being fought over in Prime Central London, reports buying agent Karim Bazzi
Johnson unveils ‘most radical planning reforms since WW2’
PM pledges to ‘make it easier to build better homes where people want to live’ by cutting red tape and addressing ‘newt-counting delays’