Labour promises first-dibs for first-time buyers, more affordable rents & limits on overseas buyers
“Labour is the party of homeownership," declares Shadow Housing Secretary Lucy Powell, aping the traditional Tory mantra.
What to read next
Rishi Sunak’s stamp duty cut is not about helping first-time buyers, but shoring up the whole UK economy
"Property prices are critical to UK prosperity," writes Professor Alexander Tziamalis.
Government firms up plans to raise stamp duty for overseas buyers
UPDATED: Consultation launches on proposed new 1% surcharge for non-UK residents
1.3 million buyers have benefitted from the the Stamp Duty holiday
"We haven’t yet seen any significant increase in properties falling through so it looks like most are going ahead regardless," says Tim Bannister, Rightmove’s Director of Property Data.
Most read
Super-prime broker Fatemi reports £700mn deal run
£100mn-plus sale among standout transactions as UK Sotheby's exec flags changing UHNW property tastes.
Tycoon weighing UK exit looks to offload luxury PCL properties
£18mn-plus Knightsbridge flat goes up for sale, along with other homes in Mayfair, Kensington and Chelsea, as entrepreneur says ‘there’s just no point in being here’.
Industry Panel: How 15 prime resi leaders would redesign England’s property tax system
Exclusive PrimeResi survey finds most respondents favour shifting the tax burden away from transactions and towards property ownership - but opinion is split over abolishing SDLT altogether.
£33k-a-week Mayfair mansion leads run of blockbuster London rental deals
Mount Street and One Hyde Park mega-lets mark five-year highs as capital's luxury rental supply shrinks.
£11.8bn development wave to reshape West Kensington’s market
New research makes the case for a West Ken renaissance, as a trio of major development projects look set to redraw the local map - and hike property values.
How super-prime apartments played a key role in London’s £1bn Peninsula
HSH’s accounts reveal just how important the luxury resi element became to the landmark Hyde Park Corner project.
New homes specialist returns to Savills
Resi development sales consultant rejoins after three years with other agencies.
‘Buyers today have more choice than ever before’: Savills global resi chief on the battle for international wealth
Interview: Victoria Garrett discusses London’s place on the world stage, Dubai’s next phase, the impact of tax & geopolitics, and how developers are catering to an increasingly discerning clientele.
Treasury eyes £1.5mn mansion tax threshold as Budget rumours gather pace
UPDATED: Reports suggest Treasury is considering widening the HVCTS net, potentially hitting nearly 300,000 homes.
London’s property bubble has well and truly deflated, says UBS
UK capital sinks into low-risk territory a decade after topping global property danger list.
LATEST ARTICLES
From Kensington to Hartlepool: Mapping the mansion tax
Mooted £1.5mn threshold would triple the number of England & Wales homes in the valuation ‘grey area’, from 73,600 to 222,800, reports Knight Frank.
Conran and Partners acquired by US design giant DLR Group
The luxury architecture and interiors studio will retain its name and leadership team as DLR establishes its first European base.
Italy’s prime property market surges as flat tax draws global wealth
Knight Frank’s Italian transactions are up 140% this year, with more than 60% of international prime enquiries 'driven primarily by tax considerations.'
Green light for resi transformation of National Crime Agency base
London Square and CLS get the nod for 529-home overhaul of SW London site.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes