Is the market ready for price growth?

With the Conservatives now given a mandate to take Brexit forward and promptly as promised, Cluttons’ James Hyman and team give their view on the likely consequences for the residential markets across London…

Refurbishing old buildings reduces emissions – but outdated tax rates make it expensive

Existing buildings already embody significant CO₂ emissions, which makes it all the more important to upgrade and refurbish – rather than demolish and rebuild – wherever possible. But as it stands, the UK’s tax system actually puts a significant financial penalty on refurbishment, while incentivising new construction. It’s time for that to change, says Walter Menteth