Industry Comments as Stamp Duty Holiday Ends

Original post source: https://www.propertywire.com/finance/industry-comments-as-stamp-duty-holiday-ends/ 1ST JULY 2021 FINANCE, PROPERTY NEWS, STAMP DUTY, UK BY PETE CARVILL The UK’s Stamp Duty holiday came to a close yesterday following a year in which the number of house transactions and prices...

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 Agents say potential sellers awaiting their Covid vaccinations before putting their properties on the market are adding to the shortage of homes...

‘Stamp duty holiday extension gives investors a second chance’

Original source: https://www.propertywire.com/news/student-development-to-open-in-swansea/ 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...

Relief for landlords as Capital Gains Tax left unchanged

https://www.propertywire.com/news/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...

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 at £50 a month.There will be a levy on developers of future high-rises to...

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 20% of their income. Of all those who had lost rental income, 22% had lost more than...

Housing market is starting to show signs of ‘cooling off’

Original Source: https://propertyindustryeye.com/91598-2/ Author: MARC DA SILVA The annual growth in property prices may be strong, but there are growing signs that the housing market is starting to run out of steam. The latest data from the Office of National Statistics (ONS), based on completed housing transactions, shows that residential property prices hit a record high of £245,000 in...

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. Rishi Sunak Estate agents, surveyors and solicitors were among those hoping that the chancellor Rishi Sunak would...

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....

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