RICS calls for Stamp Duty holiday as surveyors anticipate property market freefall
"These are exceptional circumstances," warn surveyors, "and the Government will need to consider all avenues that could feasibly rebuild confidence, bridging the gap between uncertainty and recovery."
Prime London property sales drop sharply as Stamp Duty holiday unwinds
Annual property price inflation in Prime Central London has picked up to 0.8%; the highest rate since May 2016.
Average property prices leapt 4.5% in the month before the Stamp Duty holiday deadline – UK HPI
The average UK house price increased by 13.2% in the year to June 2021, up from 9.8% in May, according to the latest official UK HPI.
Stamp Duty data shows surge in £500k+ property sales
Just over a third (36%) of residential transactions were liable for SDLT in the opening three months of this year, compared to two-thirds (67%) in the same period in 2020.
Most read
Buying London ‘axed’ after one season
Netflix show starring Daniel Daggers has reportedly been cancelled.
Trophy Knightsbridge penthouse with rooftop pool hits the market at £80mn
Agency offers up 'once in a lifetime opportunity to own one of the most extraordinary properties in London'
Former Savills & Prime Purchase stalwart launches independent buying agency
Emma Seaton's new venture will focus on the prime markets of the Home Counties.
Super-home project in the Chilterns seeks HNW buyer with vision
Hidden 68-acre site, described as one of Oxfordshire's 'best kept secrets', comes with planning for a 21,000 sq ft Arts and Crafts-inspired mansion.
Deal sealed on ‘one of the most important private estates in Jersey’
Neo-classical inspired mansion, said to rank among the finest private residences created in Britain in recent years, was guided at £32mn.
Native Land MD moves to Henley IM
Jay Squier's appointment comes as Henley plans to accelerate its development pipeline across the UK.
PrimeResi’s back to school briefing: Ten things we learned over the summer
Get back up to speed with the key talking points in prime property over the last few weeks, from the post-election bounce to the pre-Budget blues; the hottest PCL districts to the top-end lettings boom..
Agency reports 80% jump in London corporate relocation activity
Hamptons recently hosted an event for London's top relo agents, highlighting a significant increase in senior exec moves, as well as budgets, in the last year.
Murdoch’s REA considers multi-billion pound Rightmove takeover
Aussie property giant is mulling 'a possible cash and share offer for the entire issued and to be issued share capital of Rightmove.'
Wealth on the Move: Europe’s top relocation destinations for HNWIs
Knight Frank takes a deep dive into what's driving prime housing demand among wealthy expats in Europe, delving into property trends, lifestyle, tax and policy shifts.
LATEST ARTICLES
Berkeley reports ‘stable’ trading; backs ‘ambitious’ Labour housing plan
Influential housebuilder is 'committed to playing its full part in delivering the new homes the country needs'.
Deal sealed on ‘one of the most important private estates in Jersey’
Neo-classical inspired mansion, said to rank among the finest private residences created in Britain in recent years, was guided at £32mn.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
Young professionals are ‘flocking’ to the West Country, says buying agency
An influx of new permanent residents since the pandemic 'has changed the dynamic for many towns in Cornwall', says Black Brick.
Porsche unveils branded resi tower in Thailand
In Pictures: Porsche Design's third branded residential development promises to be a 'future landmark' in Bangkok.