Former Housing Minister Mark Prisk on political football, Stamp Duty & the Chancellor’s challenge
Interview: Government should tackle the issue of stamp duty for “last-time movers”, former Housing Minister Mark Prisk tells Knight Frank’s Tom Bill.
Required Reading: Coronavirus & property taxes
Some pretty significant changes have been happening to the property tax regime of late, and with transaction timescales now all over the place, Fiona Poole & Dominic Condé-Cole condense the issues and considerations to bear in mind around Residence, SDLT, ATED & CGT…
Exploring London’s 75% park-view property price premium
New prime property with park views command a 34% price premium globally, says Knight Frank, rising to 75% for a view of one of London’s Royal Parks. Now, as the Coronavirus lockdown shines a light on the importance of open green spaces, a UK think tank has suggested taxing those who live nearby to help pay for their upkeep.
Housing Secretary turns to Zoopla to address estate agents about lifting the lockdown
Robert Jenrick has penned a blog post for Zoopla to “share his vision for restarting the housing market” with the industry. “Each of the building blocks of the buying and selling process are now back in business,” writes the Secretary of State for Housing. “We all need to work together safely as we rebuild our economy and restore livelihoods, starting with the housing market.”
Re-starting the housing market: Industry reactions to the easing of the Coronavirus lockdown for the property sector
It will not come as any great surprise that most in the property industry are pleased to be able to get back to work after seven weeks in lockdown.
Required Reading: New official guidance for home-movers & property agents during the Coronavirus outbreak
The housing market has been re-opened after the Covid-19 lockdown, but it is “not a return to normality” for home movers or for the property industry.
Jenrick reveals the Government’s ‘plan to re-start the housing market’ as estate agents & developers get back to work
The Government has eased the Coronavirus lockdown in a bid to re-start the housing market after seven weeks in cold storage. Estate agents’ office can now re-open, viewings are permitted; show homes can open; removal companies and the other key parts of the sales and letting process are re-started with immediate effect.
‘Socially distanced’ viewings & digital deals: How the property market could function post-lockdown
Government collaborates with the industry on how best to raise the nation’s housing market from its hibernation; plan to get things moving again ‘as soon as possible’ includes limiting viewings, asking vendors to wait in their gardens, and requiring potential buyers (and agents) to wear masks and gloves.
‘Epic change’ for lawyers as the Land Registry relaxes its rules
“It’s rare that the Land Registry does anything which anyone outside the world of property law might want to read about,” says top property lawyer Nicky Richmond, “but today, May 4th, is that day.” Identity verification rules have been relaxed in light of the Covid-19 lockdown…
Briefing Note: On the higher SDLT rate for non-resident buyers
With the overseas buyer surcharge now confirmed for implementation next year, Mishcon de Reya flags up some of the finer details to bear in mind…
UK headed for ‘historic’ decline in housing delivery
Total private housing delivery in 2020 will end up lower than in the years following the global financial crisis, warns Knight Frank as the agency calls on the Government to intervene…
Significant wealth tax hikes ‘should now be very firmly on the UK policy agenda’
“Low-hanging” wealth & property taxes could rise to cover Covid-19 costs, suggests a political economist Professor Richard Murphy.