Tyrie pushes for changes to inheritance tax relief reforms December 7, 2015 Proposals to extend inheritance tax relief for residential properties brought in by George Osborne this year have been criticised for being too complex. Andrew Tyrie, chairman of the Treasury Select Committee, has written to the chancellor asking him to rethink the proposals. He has suggested using the 2016 Finance Bill to clarify the changes, the first [...]
Knight Frank’s chairman calls for a reversal of changes to stamp duty tax October 10, 2016 Chairman of the estate agents Knight Frank has called on the UK government to reverse changes to stamp duty taxes. Former Chancellor George Osborne increased the rate of stamp duty of second homes, a change that came into effect at the beginning of April, leading many buy to let landlords to flee the property market. [...]
London’s tallest office buildings still command sky-high rents post-Brexit vote September 15, 2016 Fears have been mounting about the future of commercial property after the nation voted to leave the EU, but London's skyscrapers remain some of the most expensive office space in the world. London skyscrapers still command the fourth highest rental value in the world, beaten only by Hong Kong, New York and Tokyo, according to [...]
City Moves for 1 September 2016 | Who’s switching jobs September 1, 2016 Knight Frank Knight Frank residential development has appointed Tom Hawkins as partner in its new homes team. Tom joins the firm from Hamptons International, where he worked for 10 years and latterly ran the new homes sales team. Tom previously led the sales of Portobello Square, W10, Aberfeldy Village, E14, and Rathbone Market, E16 – the [...]
Opinion: Forget banning letting fees – it’s time we introduced compulsory regulation into the lettings sector December 2, 2016 Invent a snappy name, rent a shop and build a website – and, hey presto, you are now set up as a lettings agent. And until the Chancellor’s move to ban fees in the Autumn Statement, you could charge whatever you liked to tenants to handle the renting of a property. Unlike many of our [...]
House prices in Chelsea have fallen by 10 per cent this year October 6, 2016 House prices in Chelsea have fallen by 9.8 per cent annually, according to Knight Frank. Overall, prices for high-end homes in central London fell by 2.6 per cent in September, the estate agents said. Read more: House prices under threat in Tower Hamlets due to rapid building and Brexit There were marked regional differences in prices [...]
This is how sterling’s unstoppable slide will affect UK house prices October 12, 2016 After a freak six per cent fall when markets opened in Asia last week, sterling is in free fall. The fall obviously has implications for people going abroad – but what about people here at home? We asked the experts what the flash crash will do to UK house prices. Read more: This is how the [...]
Landlords threaten to hike rents after tax changes kick in October 1, 2016 Landlords have claimed they will be forced to raise rents as a result of the government's string of tax changes and crackdowns on the buy to let sector. A new survey also revealed private sector landlords will not be able to invest as much in improving their properties as a result of the extra charges [...]
House prices under threat in Tower Hamlets due to ballooning development and Brexit September 22, 2016 House prices could be set to fall in Tower Hamlets due to the rapid development of the borough, according to new research. Data collected by property consultancy Propcision shows Tower Hamlets makes a decision on more planning applications than any other London borough, and approves far more developments than other boroughs, which could lead to a downwards [...]
The average price for a detached family home in London has hit £1m October 11, 2016 The average price for a detached family home in London has hit £1m. According to research by Hamptons International, families looking for a detached home in London now pay an average £1,028,376, up from £963,510 last year – an annual price increase of 6.7 per cent. The disparity between the price of detached family properties [...]