UK house prices surge as high demand meets record shortage of homes for sale

Original Source: www.theguardian.com/business/2021/apr/19/uk-house-prices-surge-as-high-demand-meets-record-shortage-of-homes-for-sale Government to unveil new 95% mortgage guarantee scheme as Rightmove says average asking price rose 2.1% in April ORIGINAL AUTHOR: Graeme Wearden Mon 19 Apr 2021 00.01 BST A frenzy of activity has driven UK property prices…

‘Stamp duty holiday extension gives investors a second chance’

Original source: https://www.propertywire.com/news/student-development-to-open-in-swansea/ The government’s three-month stamp duty holiday extension gives investors another opportunity to profit from the relief, said Imogen Lea, tax consultant at Wilsons. In yesterday’s Budget Chancellor Rishi Sunak announced that stamp duty relief will be extended…

Relief for landlords as Capital Gains Tax left unchanged

The government didn’t make an announcement on Capital Gains Tax in the Budget, despite fears it would be hiked to 40% for higher rate taxpayers.https://d8bd20290f469a4619dbcaa0daf1a5eb.safeframe.googlesyndication.com/safeframe/1-0-37/html/container.html In January the Office for Tax Simplification recommended for CGT to be more closely aligned…

Government pledges £3.5bn more to remove unsafe cladding

Original Source: https://www.propertywire.com/news/welsh-house-prices-exceed-200000/ The government will allocate an extra £3.5bn to remove unsafe cladding from high-rise buildings over 18 metres high.Owners of flats in lower-rise blocks will be provided with loans to deal with unsafe cladding, with payments being capped…

Half landlords lose rental income due to Covid-19

Original Source: https://www.propertywire.com/news/half-landlords-lose-rental-income-due-to-covid-19/ Over half of private landlords have lost rental income due to the Covid-19 pandemic, research from the NRLA has found. Some (56%) had lost rental income as a result of the pandemic, with 12% losing more than…

Government says it ‘does not plan to extend’ stamp duty holiday

Original Source: https://propertyindustryeye.com/government-says-it-does-not-plan-to-extend-stamp-duty-holiday/ Author: MARC DA SILVA The government has confirmed that it “does not plan” to extend the temporary relief offered to property buyers via the stamp duty holiday. Estate agents, surveyors and solicitors were among those hoping that…

Estate agents saw highest demand in a decade in 2020

Original Source: https://www.propertywire.com/news/estate-agents-saw-highest-demand-in-a-decade-in-2020/ Author: Ryan Bembridge Over the course of 2020 there were typically 403 buyers registered per branch, according to NAEA Propertymark and ARLA Propertymark’s analysis of sales and letting data. https://ef03f1afce7b5b9f8223c356d20ed6a5.safeframe.googlesyndication.com/safeframe/1-0-37/html/container.html This means this year saw the highest…

We need to stop blaming the dysfunctional housing market on the stamp duty extension

Original Source: https://www.propertywire.com/blog/we-need-to-stop-blaming-the-dysfunctional-housing-market-on-the-stamp-duty-extension/  Ray Harriot, founder of Reliable Property Group https://0077d9d246d82f8ace2c7f57c26074f7.safeframe.googlesyndication.com/safeframe/1-0-37/html/container.html It’s clear that without a stamp duty holiday extension, January through March will be a crunch period for buyers. Many will be putting the pressure on their solicitors and…