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. "Britain should arguably wean itself off its property addiction, but for now the chancellor has tried to sustain confidence in an asset class that accounts for most of the country’s wealth."
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.
May takes aim at foreign property buyers with 3% additional stamp duty levy
"It cannot be right that it is as easy for individuals who don’t live in the UK, as well as foreign based companies, to buy homes as hard working British residents" says the Prime Minister
Chinese demand for UK property bounces back as Stamp Duty pushes buyers to act now
"Anyone who can bring their transaction forward to 2020 from next year or even later is doing so," says property portal Juwai, against fears of higher Stamp Duty rates from 2021.
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Luxury hotel group Maybourne recruits Walsh to lead ‘ambitious’ branded resi drive
Owner of Claridge's, The Berkeley & The Connaught brings in The OWO's former sales chief to lead global branded residential strategy.
Knight Frank cuts house price forecast; PCL set for -4% drop this year
'A combination of high supply & faltering confidence means we now expect slower UK house price growth this year & in 2026,' says research chief Tom Bill - with prime markets set for sharp declines.
London property ‘no longer a safe bet’, warns top wealth manager
'The London property boom is well and truly over,' declares Rathbones
‘A market in transition’: Inside London’s evolving luxury resi development scene
New report reveals how policy, branding & global demand are reshaping the next phase of the capital’s ultra-prime development cycle.
Super-prime St John’s Wood mansion finds a buyer
Trophy home on Hamilton Terrace sold 'within a few months' of being listed at £20mn.
Indie estate agency Wilfords branches out in SW London
Boutique firm adds to its growing network with a new base close to Clapham Common.
Super-prime Notting Hill development opp seeks £12mn
Buyer sought for standout freehold property with "one of the most ambitious planning consents in the area".
‘A fundamental reshaping of the global wealth landscape’: Europe re-emerges as a prime destination for the super-rich
'What we’re witnessing is more than just a demographic shift,' says Knight Frank, as the firm reveals who is buying what, where, and why...
International luxury brokerage launches, promising ‘a new era of property marketing’
Led by former Nest Seekers boss Daniel McPeake, London-based Aperture Global UK wants to 'set a bold new standard for how prime properties are represented.'
Behind the Schemes: Crafting a family-friendly pied-à-terre at Chelsea Barracks
Rebecca Hughes Interiors lifts the lid on a recent project for a returning client at the super-prime scheme in SW1.
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New name on the luxury development scene targets north London sites
Gracie Group launches with a £550mn portfolio & ambitions to expand across the capital.
W-branded apartment sets new Manchester price record
£3.5mn unit at ultra-luxe scheme achieved the highest per square foot rate ever recorded in the city.
Super-prime building firm appoints trio of new directors
Phin Isles, Philippa Waldron & Charlie Ellis have all stepped up as directors at London-based CC Construction Group.
Winkworth sales revenue jumps 27%
Estate agency boss is 'delighted' with the latest interim results.
Industry Reactions: UK annual house price growth slows to 2.8%
'This is a cooling, not a collapse,' comments one buying agency boss on the latest ONS house price index.