Why the Covid stamp duty holiday reveals big problems in the housing market
HM Treasury "misjudged" the property market when it introduced the Stamp Duty holiday last year, writes Michael Ball, Professor of Urban and Property Economics at the University of Reading's Henley Business School. "What must have looked superficially to be a wizard policy idea – stimulating the housing market and gaining political bouquets from happy buyers at the same time – has rebounded badly."
‘Costly & unnecessary’ Stamp Duty holiday ‘not the main cause of house price boom’ – Resolution Foundation
"Stronger forces" than the temporary tax break have been at play in the housing market over the last year, says an influential think tank - which argues that the UK's Stamp Duty holidays have been "problematic…
‘End stamp duty to rebalance the housing market’ – RICS
20% of surveyors believe replacing Stamp Duty with a modernised Council Tax would benefit the property market and wider economy
Stamp Duty holiday deadline is ‘not a dealbreaker for most buyers’, as vaccine set to boost the property market next year
The Stamp Duty holiday "is not a dealbreaker for most buyers (especially at the top end)", says Savills, after surveying 1,300 prime property buyers and sellers.
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Brace of Mayfair mansions offered as ultra-prime redevelopment opp
A luxury resi reworking of the twin Georgian townhouses on South Audley Street could deliver a £65mn end product, agents suggest.
Rumourmill: Chancellor ‘plotting mansion tax raid’ on £2mn+ homes
More speculation about potential tax hikes in November's Budget event.
Telegraph: ‘How Britain’s most expensive house became a £250mn white elephant’
2-8a Rutland Gate is 'a barometer of the vigour of London’s so-called 'super prime' property market', says journalist Jonathan Ford.
Battersea Power Station owner reportedly mulls sale
It is suggested that BNP Paribas has been brought in to 'explore options' for the sale of non-residential parts of the landmark building.
Tapping the Top End: Lucian Cook on the potential impact of taxing luxury homes
As the Treasury signals tax changes, Savills' Head of Residential Research examines their potential impact on the prime property market.
Knight Frank’s Rory Penn on resilience, recalibration & finding opportunity in London’s prime property market
Q&A: The high-profile agency's London sales chief reveals a big-ticket deal tally and shares how the business is navigating 'peak uncertainty'.
London letting agency under fire over Chancellor’s rental mis-step
Rachel Reeves 'had not been made aware of the licensing requirement' when she rented-out her home in Southwark via a letting agency.
Property & Pre-Budget Propaganda: Charles Curran on the real effects of policy leaks & speculation
Maskells' MD reflects on how the recent raft of terrifying predictions are impacting on activity in the prime market - and why opportunistic buyers are still pressing ahead.
Knight Frank concludes South of France partnership
Agency points to ‘evolving strategic priorities’ as it announces another change to its French network.
Industry Reactions: Renters’ Rights Bill gains Royal Assent
New laws represent 'seismic' changes for landlords, tenants & letting agents.
LATEST ARTICLES
In Pictures: Touring a revamped Rutland Gardens townhouse with Rolls-Royce links
Design studio Taylor Howes completes a two-year reimagining of a storied Knightsbridge residence - which is now up for sale at nearly £17mn.
La dolce vita gets dearer: Italy doubles flat tax for wealthy new residents
As PM Meloni ramps up the annual levy for UHNWIs to help raise revenue, Knight Frank's Kate Everett-Allen explains the background to the changes & the implications for Italy’s luxury real estate market.
Industry Reactions: UK property transactions tick up
Housing market described as ‘remarkably resilient’ & 'broadly stable' as HMRC reports increase in September sales.
Development land market ‘under pressure’ as investors take pause
Sentiment in the UK's residential development land market remains positive, says Savills, but things are slow-moving.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes.