The extra 3% stamp duty tax being levied on buy to let and second home buyers in April 2016 means that it may no longer be financially viable for new entrants to the lower end of the private landlord market, it is claimed.
And the new tax band will have a disproportionate impact on pensioners looking to generate revenue in retirement, according to Chestertons, one of London's largest estate agents.
The UK’s 28.6 million homes grew in value by almost £1.4 billion per day in 2015 with Brentford, West Drayton and Thame seeing the largest increases, new research shows.
Brentford in London saw prices increase by 24% and West Drayton and Thame both by 17%, according to the data from property website Zoopla, while Wales saw the lowest prices gains at 2.2% over the last 12 months.
House price rises of up to 8% in some parts of the UK and an increase in the number of homes sold are on the cards in 2016, property experts have forecast. This is down on the 10% increase seen this year, and there are a number of factors that could have a significant impact on the market’s trajectory over the year and beyond.
More Londoners buy homes outside capital than at any time since before financial meltdown as average home price passes £500,000 mark
Housing projects helping more than 400,000 vulnerable adults face closure because of government welfare cuts, analysis on behalf of Labour suggests.
Nationwide figures find average home increased to £196,999 in 2015, as latest data shows average pay increasing 2% a year
A third of small construction firms in the UK are being put off from taking on apprentices because of the bureaucracy involved, according to a new research report.
The construction industry is in the midst of a skills crisis which can only be solved if more employers take on apprentices, says the report from the Federation of Master Builders (FMB).
Half of home buyers in the UK would welcome a return to 100% loan to value mortgages to jump the hurdle of not being able to save a big enough deposit, a survey has found.
The poll of 2,000 people reveals that half of those who plan to buy a home within the next two years are in favour of a relaxation of the lending criteria including 100% LTV mortgages.
Weak commodity prices, increased acres on the market and reduced subsides have subdued the Scottish farmland market yet, a new analysis report suggests.
But the very best land has continued to achieve record prices, according to the latest data from real estate firm Savills.
London's Southbank around the Shard, which includes riverside Southwark, Borough and parts of Bermondsey, is experiencing a mini property boom, it is claimed.
This is being driven by extensive regeneration, infrastructure improvements and residential development, drawing in young professionals and experiencing rapidly rising prices, according to letting and estate agents Chestertons.
The majority of home owners in the UK don’t know the rebuild cost of their home and many think it is the same as the value of their property, a new survey has found.
Overall some 67% of home owners said that they don’t know how much it would cost to rebuild their home if it was destroyed and 35% thought it would be the same as the valuation.
Scottish residential rental growth has almost ground to a halt in the run up to the festive holiday season with the average monthly rent up in November by 0.1% month on month.
This takes the average rent to £546 per month with the data from the Your Move Scotland buy to let index showing that growth has fallen from a 0.2% rise between September and October.
The next 12 months is set to be another year of strong returns for investors in the UK’s commercial property sector with investment volumes expected to be as strong as 2015 which was a record year.
The latest forecast from global real estate advisor CBRE suggests that total investment in UK commercial property will be around £70 billion in 2016 and the firm predicts attractive total returns of around 10.1%, declining thereafter but remaining positive through to 2020.
Buy-to-let group says plans introduced in chancellor’s autumn statement are an unfair tax grab that could be unlawful
One of the leading members of the Bank of England's influential Monetary Policy Committee has suggested that the recent fall-back in the growth of earnings might be a good reason to delay any interest rate rise.
COMMERCIAL property experts are predicting that the M42 Corridor - the area around Solihull, the NEC and Birmingham Airport - is in line for a record year in terms of office take up.
PROPOSALS to create a designer outlet village in Cannock - already being dubbed the 'Bicester Village of the Midlands' - have been given the all clear by the Government.
A conveyancing firm claims there has been a 140 per cent increase in the number of properties requiring leasehold extensions in just the past four years - and that 10,000 transactions a year may be affected by this issue by 2020.
Despite challenges facing the rural property sector in Scotland, including political and economic uncertainty, more than double the number of rural estates sold this year compared with 2014.
Research from real estate firm Savills reveals quality and diversity of field sport and conservation were the main drivers for purchase in 2015, with viewers coming from the length and breadth of the UK, the Middle East, the US, Belgium, Sweden and the Netherlands.
Prime property prices in London fell by an average of 0.8% in the final quarter of 2015 and are expected to remain flat in 2016 and into 2017, the latest residential index shows.
The latest fall in the prime London homes sector leaves prices a marginal 0.5% above the levels seen at the beginning of the year, while prime regional town and city markets averaged 4.4% annual growth, according to the research by international property adviser Savills.
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