Main image: Chancellor Reeves
Spring Statement: Planning reform to drive GDP growth, predicts OBR
No taxing announcements today - but fresh Office for Budget Responsibility forecasts expect a big boost to housebuilding, with residential transaction volumes & property values also climbing over the next five years.
Autumn Statement 2023: Chancellor cuts taxes & pledges planning reform
Measures announced in Jeremy Hunt's 'Autumn Statement for growth' include a new Permitted Development Right that could allow the conversion of any house into two flats, provided the exterior is unchanged.
‘Not the helping hand for the housing market that many hoped for’: Property industry reactions to the Autumn Statement 2023
Tax cuts have been welcomed, but industry insiders wanted to see more interventions to boost property transactions.
Inheritance Tax: IFS proposes major reform, including scrapping ‘special treatment’ of homes
Inheritance Tax payments will more than double over the next ten years, suggests the Institute for Fiscal Studies, as it pitches a significant rejig of the death tax regime.
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Knight Frank begins redundancy consultation process
Agency says fewer than 3% of its UK workforce could be affected.
The Great Fragmentation: New data charts super-prime London’s shift from two-agency dominance to a field of fifty
Exclusive: Analysis of 70 £10mn-plus sales confirms a striking shift in how PCL's biggest deals are being brokered.
Record deal sealed on Pimlico’s St George’s Square
Rare freehold townhouse changes hands at close to £10mn asking.
First Look: Albion Nord completes £6.7mn show home at Bishops Avenue Gardens
Arts & Crafts meets luxury living in first apartment to be unveiled at new Billionaires' Row scheme.
Salboy launches fourth central London scheme
Studio Power has designed the ten-apartment scheme in Camden for Salboy & Forge Homes.
Rare and historic homes change hands as north London’s top end stirs
Savills reports a busy few weeks in Hampstead and St John's Wood, with buyers snapping up blue-plaque houses, trophy homes and a £13.5mn mansion conversion project.
‘Bold buyers snap up deals’: Super-prime agent calls for ‘the end of caution’ in PCL
'Decisive buyers are dominating,' says Peter Wetherell, following a five-day five-deal run worth nearly £25mn.
Family office buys mixed-use property parade in South Kensington
Eastway Estates spent £11mn on the row of buildings on Bute Street.
More ‘legacy’ properties set to change hands in London this year, says top dealmaker
UK Sotheby's private office chief expects market confidence to build, with continued competition for the capital's best homes.
Japanese behemoth to buy top-end construction giant Multiplex
Multiplex's prime London projects include 30 Grosvenor Square, St John's Wood Square, The Broadway & Television Centre.
LATEST ARTICLES
Strutt & Parker recruits Knight Frank’s Glanville to lead prime cities push
BNP Paribas-backed agency steps up expansion across key regional markets.
Russell Simpson bolsters Mayfair lettings team
PCL specialist joins firm's Mayfair & Marylebone operation from Clifton Property Partners.
Industry Reactions: On early binding agreements & the government’s wider homebuying ‘shake-up’
Agents and conveyancers seem split on the latest proposals; there's a broad welcome for binding deals but some scepticism on sales packs.
Burnham’s rise revives the big property tax question
The former Manchester Mayor and Prime Ministerial hopeful has been a long-standing advocate of a Land Value Tax to replace Stamp Duty.
Prime London rents rise at fastest pace in nine months
LonRes reports annual rental growth of 2.7% across the prime postcodes in May - but latest jump is 'more likely to be a coincidence' than a direct result of the Renters’ Rights Act coming into effect.