As stamp duty threshold reverts to £125,000 from tomorrow, estate agents call for review September 30, 2021 From tomorrow, the stamp duty threshold will revert to its normal level of £1250,000, prompting real estate agents to call for a review of the “outdated” levels at which home buyers start paying stamp duty as a tax break ends. Propertymark said the stamp duty holiday has been a success and its normal thresholds should [...]
Let’s talk Aviva: Smaller but richer insurance firm is looking to grow again September 29, 2021 It has been an interesting couple of months for insurance firm Aviva. The City giant sacked its fund manager and was dragged into a leasehold agreement affair it had hoped to avoid. Nevertheless, following a year of cutting costs and selling foreign assets, Aviva feels confident about the future. The company is firmly on investors’ [...]
UK housing market still steaming despite looming stamp duty break cut off September 29, 2021 The looming end of a watered down tax break on house purchases has not cooled the UK’s rampant housing market, according to official figures released today. Brits took on £21.5bn in mortgage debt last month, up sharply from July’s figure of £16.6bn, shows Bank of England data. A record low interest rate environment has propped [...]
Property: London house prices climb by £36 every single day September 28, 2021 House prices rose by £44 per day on average in the six months leading up to August, according to new figures published this morning. In London, that figure stood at £36 per 24 hours. This was up from £30 per day typically over the previous six months (July 2020 to January 2021), Zoopla said. Across [...]
Demand to buy in London soars thanks to office return September 28, 2021 Demand for homes in London has risen 14 per cent over the last month as Brits rush back to the office. Prospective Londoners appear keener to purchase homes rather than flats, with homes marking an increased demand of 25 per cent compared to a six per cent boost for flats. Average UK house prices have [...]
London will continue to see weakest house price growth until 2024 September 27, 2021 London is set to underperform the rest of the country on house price growth until 2024, when growth will accelerate. Prices in the city have been forecast to end the year up 1.5 per cent, according to the latest housing market forecast from estate agents Hamptons. London prices are then predicted to rise by one per [...]
MPs slammed for month-long break while UK enters ‘autumn of discontent’ September 26, 2021 Members of the House of Commons are under fire for their upcoming near month-long parliamentary break while the UK enters an “autumn of discontent”. The latest recess for the House of Commons runs from close of business this Thursday until October 18 to enable Labour and Conservative MPs to attend their party conferences. It means [...]
Exclusive: Lib Dem candidate hits out at City of London Corp over China stance September 25, 2021 The Liberal Democrats’ new candidate for the Cities of London and Westminster constituency has launched an attack on the City of London Corporation’s “weakness towards the Chinese Communist Party”. Edward Lucas, a veteran journalist, said the powerful Square Mile local authority “don’t get the threat” from China. The Corporation, which is based in the historic Guildhall [...]
New-build barns: the property trend for 2022? September 24, 2021 There are old houses, and there are new houses – and then there are new houses built to look old, which is what The Maltings project is all about. Designed after traditional country barns, the development, situated on the outskirts of Biddenden, a picturesque village in the Kent countryside, could be cut straight from a [...]
Exclusive:Lib Dem candidate slams City of London Corp over China stance : CityAM September 24, 2021 The Liberal Democrats’ new candidate for the Cities of London and Westminster constituency has launched an attack on the City of London Corporation’s “weakness towards the Chinese Communist Party”. Edward Lucas, a veteran journalist, said the powerful Square Mile local authority “don’t get the threat” from China. Also Read: Exclusive: City of London Corporation chief says [...]