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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Benchmark deal in Marylebone demonstrates art of ‘old-fashioned agency’
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Buying agency adds Garrington & DDRE alumna
Katie Neale has joined Haringtons UK.
Massive payout in ‘landmark’ Bankside Rights-of-Light ruling
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Social Circuit: ‘Off-market’ networking series debuts in Knightsbridge
Invite-only soirées aim to reimagine offline networking for London’s prime property insiders.
Country house buyers in strongest position for seven years
'It’s quite clear where the negotiating power sits at the moment', says Knight Frank, as high supply & meagre demand puts downward pressure on country property prices.
Landmark Shard residences still unlet amid ‘severe’ ultra-prime market contraction
Company filings cite market downturn & tax changes for delays in letting set of luxury apartments at the iconic London skyscraper.
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