Transactions Decrease In 2019 But Sector Set To Grow 6% By 2022
The UK conveyancing sector is contracting at a faster pace than the previous two years of decline. According to the ‘UK Conveyancing Market 2019: Market Trends‘ Report, UK residential transactions decreased by 6.6% in the opening half of 2019 and is set to fall further in the second half of the year. This figure has […]
Construction Industry Output And Confidence Falls Again
The construction industry continued contracting for the fifth month out of the last six as political uncertainty and weakened economy erode investor confidence. According to data from the IHT Markit/CIPS UK Construction index, July’s construction figures of 45.3 slipped below the no change standard of 50 for the fifth time in six months. Although July’s […]
Shaving 36% Off SDLT Could Improve Transactions By 40%
Following Boris Johnson’s campaign pledge involving a revaluation of stamp duty land tax (SDLT), a buying agency expert has estimated that changes to the current system could produce a tax benefit worth over £9 billion per year According to buying agency, Ludgrove, this could be achieved via a 36% reduction in stamp duty land tax […]