Not on the High Street: The private money funding London’s prime resi developments
London’s prime property market dip to drive a £1.6bn cut in this year’s SDLT receipts
Stamp duty receipts "so far this year have been much weaker than expected" says the OBR
Number of £500k+ stamp duty bills in prime London rockets by 64%
High value property transactions have slumped in the last year, as a major reform of the stamp duty system significantly upped the cost of moving at the £1m+ level.
Resi land values on the rise
Resi land values in prime central London shot up by 4% in Q2, whilst prices across the UK rose by an average of 1.2%, according to Knight Frank today. This means that average UK values have risen by 1.