‘No radical change to property taxes’ expected in the March Budget
But major property tax reforms are on the cards longer-term... "Ministers and officials are looking at the tally of winners and losers from the abolition of council tax and stamp duty," reports the Sunday Times. "They would be replaced with a proportional property tax, levied on the existing values of homes."
Budget 2021: Property industry reactions
"This Budget could be regarded as a reprieve for the housing industry," says one commentator, while others bemoan an "underwhelming" speech...
Property tax reforms slated for post-Budget ‘Tax Day’
The Government is planning to publish a batch of consultations on tax reform on 23rd March, a few weeks after Rishi Sunak's main Budget speech on Wednesday.
Budget 2021 date set for 3rd March
Chancellor Rishi Sunak will outline another round of fiscal policies before the scheduled end of the Stamp Duty holiday.
Most read
Investor-developer acquires 86-unit PCL portfolio for £28mn
'A few years ago, you simply wouldn’t have seen assets of this quality and in these locations pricing at that level,' said Leufroy, which has exchanged on a quartet of buildings in Notting Hill & Kensington.
Prime London property market heading for ‘worst year since Covid’
18% fewer £5mn+ sales have been recorded in London this year compared to 2024, while no deals have gone through above £50mn.
By PrimeResi
RBKC signs off on £10bn Earls Court scheme
Decision completes dual-borough backing for the transformation of central London's biggest cleared development site.
Deal sealed on £17.5mn Cadogan Square restoration project
Rare unmod opp on the famous garden square could become one of RBKC’s finest residences, say agents.
Harding Green acquires boutique NW London agency
Laurence Leigh Residential has been running since 2007.
By PrimeResi
Agency lists 1/8th share of Mayfair penthouse for £1.05mn
Fractional ownership is catching on with PCL buyers, says Russell Simpson, as a share in a 'sublime' duplex on historic Queen Street goes on the market.
Luxury brokerage flags tight supply & strong deal flow in Mayfair
UK Sotheby’s International Realty reports unusually competitive conditions in the historic neighbourhood after completing £172mn of transactions.
Branded Residences: Louis Keighley on what’s still missing from the sector
Savills' Global Residential Development Consultancy chief identifies three big opportunities in the rapidly expanding branded resi arena...
1720s Bloomsbury gem with A-list fashion pedigree hits the rental market
In Pictures: Grade II* listed early Georgian townhouse on Great James Street was restored by the co-creators of US labels Skims and Good American.
PCL to underperform against ‘modest’ UK property price growth in 2026 – Chestertons
The market is beginning to stabilise, says leading estate agency, with house prices predicted to rise by only 1-2% across the country next year.
By PrimeResi
LATEST ARTICLES
Ranked: London’s fastest-performing planning authorities
Planning decision times have fallen while approval rates have edged higher across prime London & the Home Counties.
By PrimeResi
Behind the Schemes: Top architect designs his own family home in North London
RHA founder Robert Hirschfield applied his studio’s guiding philosophy to the reworking of his personal residence - here’s the result...
Alpine homes keep climbing while global prime markets catch their breath
'The Alpine property market has shifted from seasonal playgrounds to year-round sanctuaries,' notes Knight Frank.
By PrimeResi
Acquisition agency flags 12 buying trends to watch in 2026
Specialists from Stacks’ national network pick the property features set to be most in demand in the year ahead...
London rental prices steady as tenant demand holds firm
'Rental prices continue to track close to historic norms,' says Foxtons, 'pointing to healthy competition across the market.'
By PrimeResi