Tag: Capital Gains Tax
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Rents Soar to Record Highs – But Will Tax Changes Hit Landlords?
It’s official: rents are higher than ever. But with whispers of tax hikes and stricter energy rules, are we about to see a landlord exodus? Rightmove’s latest data reveals the average rent outside London has skyrocketed to a staggering £1,344 per month. That’s a hefty 5.2% jump compared to last year. London Landlords The capital…
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House Prices on the Rise Again – RICS
Good news for sellers – house prices are on the up across the UK for the first time in two years! This is according to the latest Royal Institution of Chartered Surveyors (RICS) UK Residential Survey, which tracks the state of the property market. Prices Climb as Buyers Return The survey revealed that prices rose…
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Southern Rental Demand Grows Faster than North
New data reveals that landlords in the south of England are seeing soaring demand from renters. According to the latest figures from property experts Zero Deposit, more than a third of all rental properties in England found tenants in the third quarter of this year. This represents a 1.7% jump in just three months and…
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Mortgage Rate Drop Helps House Prices Higher – Zoopla
House prices are on the rise thanks to lower mortgage rates which have tempted more buyers into the market. But if you’re thinking of selling, don’t get too excited just yet, as buyers are still looking for a bargain and driving down asking prices. Zoopla’s latest data reveals that house prices inched up by 0.7%…
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London’s Prime Homes Struggling to Find Buyers?
Fancy a flat in Kensington or a townhouse in Hampstead? You might be in luck. It seems wealthy buyers aren’t snapping up luxury London properties as quickly as they were. A new report by Benham and Reeves, the estate agents, shows demand for prime property in London has dipped this autumn. Their “Prime London Demand…
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Interest Rate Cut Sparks Rental Property Rise
The recent interest rate cut by the Bank of England has brought a sigh of relief to tenants. According to a new analysis by Zero Deposit, the number of available rental properties in 15 major UK cities has increased dramatically. Edinburgh and Glasgow Lead the Charge The analysis looked at the total number of available…
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Will Labour’s Looming Tax Hikes Wipe Out Landlords’ Profits?
Whispers around Westminster suggest that landlords could be facing big tax changes in the upcoming Budget. Property experts are predicting a significant increase in Capital Gains Tax (CGT), the tax you pay on the profit when you sell a property. This could see landlords rushing to offload their properties before the new rules come into…
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Rich Buyers Uncertain About Buying Prime London Homes
Nervous millionaires and billionaires are putting off buying luxury London homes as they wait to see what will happen in the next Budget. The number of homes sold in London for over £10 million has fallen by nearly a quarter (22%) compared to last year, with experts blaming uncertainty about tax changes. Many wealthy buyers…
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House Prices Climb as Buyers Shake Off Summer Slump
Good news for sellers as asking prices see biggest jump in years, but experts warn the ‘cost-of-living’ Budget could cool things down. The average price tag on a home has jumped by almost £3,000 this month, according to the latest figures from property website Rightmove. This 0.8% rise, pushing the average asking price to £370,759,…
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Will New Renters’ Rights Bill Drive Landlords Out of the Market?
The new Renters’ Rights Bill could be a game-changer – and not in a good way. This bill, which aims to shake up the buy-to-let market, goes further than many expected and could send shivers down a landlord’s spine. More Than Just a Ticking Box The bill isn’t just a rehash of the Conservative government’s…