Property Market Review June 2018

British business rates risk damaging UK commercial property market

The UK government’s re-assessment of the value of properties, undertaken in 2015, had the effect of either increasing or decreasing the rates owed by business owners. Any increase in rates took effect from April 2017, a full two years after valuations were made.

For full briefing click here. Property Market Review June 2018

Residential Property Review June 2018

Record high seen for £1million plus house sales

Recent Land Registry figures state that despite a small decline in the number of £1million plus houses sold in the UK in the first half of 2017, the second half saw a rebound. This culminated in a 5% increase in sales to 14,474 in 2017, a record high compared with 13,748 seen in 2016. This compares with only 7,862 £1million plus house sales, recorded in 2012.

For full briefing click here. Residential Property Review June 2018