‘Costly & unnecessary’ Stamp Duty holiday ‘not the main cause of house price boom’ – Resolution Foundation
"Stronger forces" than the temporary tax break have been at play in the housing market over the last year, says an influential think tank - which argues that the UK's Stamp Duty holidays have been "problematic less because they were inflationary, and more because they have been wasteful."
Extending the Stamp Duty holiday could double the rate of house price inflation in 2021, predicts agency
"The prime and super-prime markets will continue to break away from the core housing market" in the coming year, forecasts Jackson-Stops.
SDLT receipts dip just 6% despite Stamp Duty holiday
HMRC brought in £775m in Stamp Duty receipts in the year to February 2021, £49m less than the £824m recorded in February 2020.
Stamp Duty holiday deadline is ‘not a dealbreaker for most buyers’, as vaccine set to boost the property market next year
The Stamp Duty holiday "is not a dealbreaker for most buyers (especially at the top end)", says Savills, after surveying 1,300 prime property buyers and sellers.
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In Pictures: £24.75mn show apartment unveiled at luxury Mayfair scheme, 60 Curzon
A flurry of sales have been finalised at the Art Deco-influenced project in recent months.
Luxury agency UK Sotheby’s International Realty launches property buying arm
The London-based brokerage has already signed up private clients with a combined £300mn to spend on high-end homes in 2025.
Big-ticket townhouse sale completes in Marylebone
Buyer exchanged on 'incredible' mixed-use proposition, listed at £22.5mn, just before the Budget.
High-flying agent joins Harding Green in Clapham
Catherine Wilson previously worked at Douglas Elliman in New York, and ran sales for the King's Cross & Battersea Power Station developments in London.
By PrimeResi
Buying agency flags ‘window of opportunity’ for house-hunters
It's shaping up to be a busy winter season for the property market, suggests Recoco.
By PrimeResi
Global branded residences sector to double in size over the next seven years, predicts agency
Demand for high-end branded product is showing no signs of slowing down, reports Savills, revealing another 60 names are poised to enter the space by the end of the decade.
Luxury Property Forum founder announces global ambitions
In Pictures: Priya Rawal hosts the LPF Christmas Soiree at Ginza St James's.
By PrimeResi
Ending non-dom tax breaks has cost £140mn in ‘lost’ Stamp Duty revenue, claims agency
Knight Frank believes speculation over tax changes caused a 'shortfall' of 142 high-value property sales since March, resulting in a 'theoretical loss' in revenue for HMRC.
By PrimeResi
Foreign buyers shift focus in UK property market amid changing trends & taxes
The proportion of overseas buyers has risen to 27% in London, new stats show, with Asian investors at the forefront.
Global sports star nets Bugatti-branded penthouse
Developer Binghatti reveals A-list buyer at latest ultra-luxe project in Dubai.
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LonRes adds video reels as property marketing evolves
Video content has become an essential part of the marketing mix, says B2B prime London trading platform.
Property market tempo upbeat amid post-Budget bounce – Winkworth
Agency reports heightened activity in the prime market as uncertainty subsides & forecasts strong demand for flats in the run-up to Christmas.
Hamptons recruits SW London specialist
Russell Gooden has been named as the agency's new Head of Sales for Richmond, East Sheen, Kew & Barnes.
In Pictures: Design studio completes ‘spectacular’ Nine Elms penthouse project
1508 London delivers a lesson in 'soft minimalism' with this ethereal creation for an international client.
Foxtons reports ‘a notable increase’ in London rental supply
The capital's lettings market is 'defying the typical seasonal slowdown,' says agency.
By PrimeResi