Stamp duty reform leads London’s top property prices to fall
Heavily impacted by George Osborne’s stamp duty (SDLT) reforms, prices at the top of the London property market have fallen, with west London locations such as Notting Hill and Kensington seeing the biggest drops in price, according to the Stirling Ackroyd Hubs Tracker data. The top 25% of London’s property prices have fallen by -5.4% […]
Autumn Statement: the reaction
Following the Autumn Statement, industry experts have had their say on the proposed changes regarding the property industry.
The Capital sees more than 40% crash in home sales
Experts have their say on the Land Registry House Price Index report for September 2016
More needs to be done for FTBs and downsizers, say experts
The latest Property Transaction Data reports have been released for September/October 2016
Transaction levels virtually unchanged into July according to HMRC
The number of transactions for value over £40,000 across the UK rose very slightly from 103,450 in June to 104,200 in July, according to HMRC. The slight rise of 0.7% compares unfavourably to last year’s rise from 114,770 to 120,610 – a rise of 5.1%. The relative stagnation is reflected in the seasonally adjusted figures, which […]
The industry reacts to the latest Land Registry HPI
Following a strong increase in sales in March, the most up-to-date Land Registry figures for April 2016 show that UK home sales fell by 55.4%, recovering slightly in May and June 2016.
New build approvals defy Brexit fears
The number of new build homes approved in London rose in Q2 rose to 6,310, with 76% of new homes approved across the capital. Quarter on quarter, 46% more homes were approved. Westminster approved the highest proportion with a 99% approval rate. However Newham approved just 8%, with the borough approving just three new houses […]
Transactions down 11% on 2015 for June, say HMRC stats
The number of transactions worth more than £40,000 was 11% lower this June compared with June 2015, according to statistics released by HMRC. In total there were 102,010 house purchases, down from 114,770 in June 2015. However there are signs the market is beginning to recover from the effects of the SDLT reforms which saw transaction levels […]
More than 100,000 fewer transactions in April
The number of transactions in April plummetted by over 100,000 compared with March according to statistics released by HMRC. In total, HMRC say there were 70,690 residential transactions for over £40,000 in April, down from 173,430 in March. April saw the lowest number of transactions in three years. Compared to April in 2015, the number […]
Housebuilding on the up as construction work generally falls – ONS
The amount spent on building new houses has surpassed it’s pre 2008 peak according to the Office of National Statistics. Thanks to an increase in private house building, just over £7.5 billion was spent on house building work in Q1 of 2016, surpassing the £6.9 billion spent in Q1 of 2007. Compared with a year […]
