Surprise autumn statement announcement is set to wipe out landlord profits, and could kill off the market
Combination of having to pay higher salaries so staff can afford housing and paying increasing amounts in office rent is causing some to consider moving out
Osborne’s plan to increase taxes on property investors may jeopardise funding for newbuild developments, say analysts
From 1 December first-time buyers will be able to save in a Help to Buy Individual Savings Account (HTB Isa) and the government will add money to it.
As with a traditional cash Isa, the interest you earn will be free of both income and capital gains tax.
Interest of up to 4% will be paid on new Help to Buy Isas - accounts aimed at helping potential property buyers save for a deposit.
Banks and building societies are unveiling their deals as part of the government-backed scheme which begins on Tuesday.
House prices in England and Wales increased by 0.4% month on month and 5.6% year on year in October, taking the average value to £186,350, according to the latest data, but much higher in London.
On a regional basis London experienced the greatest increase in its average property value over the last 12 months with a rise of 10.6%, well above other parts of the country, the figures from the Land Registry show.
Development for ‘those who desire the best’ on Palace Street in London due to be completed in 2018
The Chancellor’s Autumn Statement and Spending Review unveiled this week (25 November) committed the Government to a new target for affordable housing starts (400,000 units by 2021) and further reforms to the planning system which included a proposal to allow previously developed brownfield sites in the green belt to be developed in the same way as other brownfield land.
The administration also announced 18 new Enterprise Zones and extended eight zones, promised to spend £2bn to protect 300,000 homes from flooding and £1m to help bankroll activities surrounding Hull‘s status as UK City of Culture in 2017.
The British Property Federation has welcomed the majority of the changes announced in the autumn financial statement by the UK Chancellor but expressed disappointment that there was no mention of a review of planning fees.
‘While there are some really sensible suggestions in today’s announcement, the planning system still has one big problem, the lack of resources in local authority planning departments,’ said Melanie Leech, chief executive of the BPF.
Home sales in the UK have exceeded 100,000 per month for a fifth month in a row with buyers attracted by low interest rates and attractive mortgage products.
The latest official transaction data from HMRC shows that the provisional seasonally adjusted UK property transaction count for October 2015 was 105,490 residential and 10,160 non-residential transactions.
A warning has gone out to property industry professionals in the UK to make sure they carry out correct Stamp Duty returns after a conveyancer was jailed for stealing money paid by his clients.
Anthony Maragh, 57, from Harrow in London, consistently undervalued his clients’ properties so that less stamp duty land tax was paid to Revenue and Customs (HMRC) while he kept the difference.
French government, which has embassy next door to Jon Hunt’s London mansion, will now have to pay £100,000 costs
The decision to allow shale gas drilling - or fracking - in Lancashire will be made directly by the government, it has emerged.
Secretary of State for Communities and Local Government Greg Clark informed Lancashire County Council of his intent on Thursday.
Energy firm Cuadrilla is appealing against the council's refusal in June to allow fracking on two sites.
Most planning appeals are usually decided by a planning inspector.
Growth in UK house prices slowed slightly in November, according to the latest survey from the Nationwide.
Prices were 3.7% higher than a year earlier, the building society said, down from 3.9% in October.
What exactly is affordable housing? Is it what I would find affordable, what my son could or somewhere suitable for my unemployed niece?
I ask because it is a phrase used by politicians and local leaders with increased frequency, but without anyone ever defining what they mean. Yesterday was a case in point. The creation of 400,000 affordable homes by the end of this Parliament was the centrepiece of George Osborne’s Autumn Statement.
SOLIHULL’S Birmingham Business Park has welcomed two new occupiers as demand for office space in the out-of-town office market continues.
A total of more than 12,000 sq ft of office space has been let across deals with two new occupiers, GP Strategies and CREATE Fertility.
CONSTRUCTION firm BAM Properties has been given the green light for Latitude Yellow, a £70m office development
When completed, the ten-storey building will have 157,000 sq ft of office space, on Wellington Road in west Leeds.
The property market, like that of gold and oil, is a rather murky world.
The prices you'll see on most websites are asking prices. The value of a done deal - the real price - can take land registries weeks to process, by which time a fast-paced market will have moved on.
So those on the inside doing the deals, such as estate agents and developers, have a distinct advantage.
Could technology help blast open this closed market?
Fewer tenants are experiencing rent increases in the UK with the number of letting agents reporting rent rises falling to a quarter, according to the Association of Residential Letting Agents (ARLA) latest report.
This is down from 32% in September meaning that the number of rent hikes in October is the lowest reported this year, the data from the ARLA private rental sector report shows.
Almost half, 47%, of enquiries to intermediaries about getting a mortgage in the UK resulted in a completion during the third quarter of 2015, according to a new Mortgage Market Tracker report.
The quarterly tracker from the Intermediary Mortgage Lenders Association (IMLA) shows how many enquiries result in applications, offers and completions, as well as dropout rates, those attributed to lender declines, and the wider issues of intermediaries’ confidence in the business outlook for the mortgage industry, the intermediary sector and their own firm.
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