Residential Property Review December 2018

Government revenue from Stamp Duty falls by 10%

HM Revenue and Customs (HMRC) have stated that Stamp Duty revenue from residential property sales in Q3 2018 has fallen from the £2.605bn seen in the same period of 2017, to £2.347bn in 2018, as the number of properties liable to tax fell from 302,700 to 279,500.

For full briefing click here. Residential Property Review December 2018

Property Market Review November 2018

The Chancellor hands out a lifeline to the high street.

In this year’s Autumn Budget, Philip Hammond spoke about how high streets are a crucial part of our communities and local economies. He will put together a dedicated task force to address the pressure that high street retailers are experiencing as more people embrace online shopping, to the detriment of the high street. In his own words, high streets have come under pressure “as never before”.

For full briefing click here. Property Market Review November 2018

Property Market Review October 2018

A four-year growth cycle has emerged.

The most recent ‘UK Commercial Market in Minutes’ from Savills, has revealed that ‘all property’ capital value growth, for the month of September, was only 0.09%, just a quarter of the growth experienced in September 2017. Over the last few months, the annual growth year-on-year has begun to slow. The data suggests that a four-year peak-to-peak cycle exists, as the current growth cycle peaked in February this year, with previous peaks noted in October 2014 and in July 2010.

For full briefing click here. Property Market Review October 2018

Your Home Finance Autumn 2018

FOUR-FIFTHS OF PROPERTIES ARE NOW SOLD BELOW ASKING PRICE.

If you’re thinking of selling your property this autumn, then it’s vital to get your house in tip-top condition and make sure you offer it for sale at the right price. With more properties now coming to the market, buyers have more choice. This means that homeowners need to put in a bit more work to make their property stand out from the crowd.

For full briefing click here. Your Home Finance Autumn 2018

Residential Property Review October 2018

Property demand continues to slip lower

The latest Royal Institution of Chartered Surveyors’ (RICS) ‘UK Residential Market Survey’, concludes that demand for property slipped lower for a second successive month in September. They attribute this fall in demand to a combination of factors, including a lack of stock, the interest rate rise, economic uncertainty and affordability constraints. At a national level, RICS believe that house prices have been relatively unchanged over the last five months.

For full briefing click here. Residential Property Review October 2018