Transaction numbers plunge following Stamp Duty deadline
Official estimates tell of a 63% drop in residential property sales from June to July - but transactions are still running above last year's level.
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.
Property transaction numbers recover from lockdown lowpoint
The cumulative number of offers accepted in the UK since the start of the year is now above the five-year average, says Knight Frank.
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.
Most read
Knight Frank names new Senior Partner & Group Chair
Rory Penn is to succeed William Beardmore-Gray at the helm of the global property consultancy in April 2027.
Bentry lines up super-prime play in Hampstead after pre-Budget swoop
Investor-developer sees off strong competition to secure landmark Edwardian mansion for £16.4mn; plans to deliver around 50 top-end apartments as part of grand 'Sandringham-style' residence.
London house prices to flatline until 2028 as prime markets ‘remain subdued’
Leading estate agency forecasts a property market 'power shift' as the capital's recovery is 'delayed' & regions significantly outperform.
Rare Bayswater development opp sells for £21mn
Former office building came with consent for a 17-unit apartment scheme designed by Ross Alexander Lambie Architects.
High-value sales jump as Budget clarity brings ‘short-term relief’ in Prime London
£5mn-plus exchange volumes were 21% above the five-year norm last month, although PCL prices recorded their steepest annual fall since 2021.
Expert Panel: Prime Central London has hit a ‘critical inflection point’
Property & HNW industry leaders unpack the volatility, policy churn & changing buyer geography defining a new era for ultra-prime London.
Government confirms ‘developing approach’ to mansion tax valuations
Exchequer Secretary hints at how £2mn+ homes will be revalued for the new High Value Council Tax Surcharge.
2025’s most viewed homes & most popular keyword searches: Zoopla’s Year in Review
Property portal heralds an 'optimistic end to the year' and predicts a busy start to 2026.
Budget 2025 Debrief: Prime market heavyweights lament a ‘missed opportunity’
The Chancellor sidestepped some of the most feared tax measures - but to these leading players in estate agency, tax, legal and finance - that was about the only good news.
Hefty Marylebone mansion flat heads to auction
First floor lateral on Portland Place is the priciest lot being offered at Allsop's final resi sale of the year.
LATEST ARTICLES
Mapped: How second-home Council Tax premiums are ‘warping’ the property market
TwentyCi analyses the impact of higher taxes on holiday homes in local property markets across the UK, noting strong public support despite 'unintended consequences' in some areas.
Building Legacies: Michael Houlding of Boldfort on delivering London’s top-end homes
Interview: MD of longstanding family-run contractor reveals what it really takes to create dream residences for UHNW clients, from Belgravia to Notting Hill.
Treasury’s reliance on top-end property market exposed in new SDLT figures
Government's latest tax tinkering could be a risky move, warns Savills, given £2mn-plus deals contribute 42% of the total resi SDLT take for London.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
Accor to roll out Raffles-branded residences in Bali
28-unit scheme will be a 'showcase' for the hospitality giant’s next wave of branded projects.