Changes could mean shock for owners who have rented out homes when they come to sell
Business chiefs on Tuesday attacked the Government’s reforms of business rates, and warned they won’t help ailing large retailers engulfed by the High Street bloodbath.
Britain's housebuilders on Tuesday cheered the Government’s extension of a revised version of Help to Buy until March 2023.
Hammond said the Government was at a “pivotal moment” in EU negotiations, saying that they were “confident but not complacent” that a Brexit deal with dividends will be secured.
A multi-million pound plan to help the struggling UK High Street was unveiled in today’s Budget.
More help for first-time buyers and plans for homes on the High Street have been announced in the Budget.
Farm industry bodies have expressed disappointment at Chancellor Philip Hammond’s budget statement, which they say missed opportunities to support British agriculture and the rural community.
A planned cut to business rate rises in England has been brought forward by two years to 2018 by the chancellor.
From April, rates will rise in line with the lower Consumer Prices Index (CPI) measure of inflation, not the Retail Prices Index (RPI).
Housebuilders’ shares dropped as Philip Hammond announced plans for a review into land banking, which included the potential use of compulsory purchase orders.
Hammond’s 100% extra tax on vacant property dismissed as ‘joke’ unlikely to hit wealthy buyers or spur re-use of housing
Philip Hammond did not give the "indexation allowance freeze" a lot of welly in his speech and certainly didn't try very hard to explain its rather economicky sounding title but it's a tax rise the government hopes will raise half a billion pounds a year by the end of this parliament and could have important consequences - particularly for the buy-to-let market.
The owners of some of London’s High Street buildings could be sitting on a “goldmine” with scope for over 200,000 new homes, thanks to a planning policy quietly mentioned in the Budget, it has emerged.
The new stamp duty threshold doesn’t look so good outside London and as for the £44bn worth of measures? That’s actually £15bn ... spread over five years
House building is the “number one priority” in the Budget and the “powers of the state” will be used to force construction numbers up to 300,000 per year, the Chancellor has promised.
Housebuilders Crest Nicholson and Barratt have urged the Chancellor to beef up the planning system in next week's budget.
Crest said that "maintaining momentum through planning is a major challenge for the industry," adding that it hoped "to see a renewed energy" in the Budget and a commitment to fully implement the housing white paper that was set out in February. It also pointed to the supply of skills and material as a challenge for the sector.
The British Property Federation says the system of taxing property is deterring investors and has called on the Government to simplify the process.
In a submission to the Treasury ahead of next month’s Budget, the BPF said the Government should take “a more holistic approach to taxing real estate” and scrap the “panoply of different taxes, fees and levies”.
The Chancellor of the Exchequer, Philip Hammond, has delivered his first and last Spring Budget. If you're a landlord, a homeowner, you're saving to get on the property ladder, or you’re renting in London, read Portico London estate agent’s summary of how the Budget will affect you…
The Chancellor of the Exchequer, Philip Hammond, has delivered the last ever Spring Budget we will see. And for reasons only known to him, decided to skip the 'housing part'.
A new north-south cross London railway set to link Broxbourne and Wimbledon will provide a huge boost to certain residential neighbourhoods and the creation of 200,000 new homes.
The announcement in the UK Budget that Crossrail 2 will go ahead will boost prices and demand in key suburbs such as Wimbledon, Clapham and Tooting but also in key commuter town such as Cambridge, Basingstoke, Woking and Guildford as travelling times into central London will be reduced.
It is excellent news according to Robin Paterson, chairman of UK Sotheby’s International Realty. ‘We will see pockets of accelerated growth emerge, much like we have seen around Crossrail stations such as Ealing and Slough. The new route will provide a huge boost to neighbourhoods such as Clapham and Tooting in the south, cutting journey times to The City of London in half and I would expect a future jump in prices to reflect this,’ he said.
Property markets in the north of England are set to benefit from hundreds of millions of pounds of new investment in rail and road networks announced by the UK government.
As part of a continuing policy to create what is known as ‘the northern powerhouse’ the Chancellor George Osborne has announced funding of £60 million for a HS3, a high speed rail link between Leeds and Manchester to cut journey times between the two cities.
He also announced £75million to explore options for an 18 mile Trans-Pennine road tunnel between Sheffield and Manchester which would be the longest road tunnel in Europe. Both projects are in the early phases of development and if they go ahead billions more will be invested in the region in the coming decades.
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