Tag: Stamp Duty
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House Sellers Offering More Non-Cash Incentives
According to a survey by Knight Frank, nearly two-thirds of UK housebuilders are now offering non-cash incentives to attract buyers. This shift in strategy highlights the creative approaches being adopted in response to the difficult market conditions. About 59% of the respondents reported offering items like carpets or white goods to sweeten the deal for…
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House Prices Fell 4.1% in October – Acadata
In October, the average house price in England and Wales saw a notable decrease of 4.1%, dropping by approximately £15,700 to £362,777. This decline, as reported by the e.surv Acadata house price index, is the most substantial monthly reduction since August 2009, a period marked by recovery from the 2007/2010 banking crisis. Contextualising the Decline…
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Knight Frank’s Housing Market Outlook
Knight Frank, a prominent estate agency, recently shared insights that paint a complex picture of the current state of the UK housing market. Their analysis indicates an improving lending outlook for the housing market. However, they caution that there are still significant psychological milestones to navigate. This year, the usual autumn boost in property activity…
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Limited Companies for Landlords: Understanding the Finance Act
Section 24 of the Finance Act 2015 significantly altered the tax landscape for landlords. This legislation limits the tax relief that individuals can claim on property finance costs, potentially increasing tax burdens for landlords, even in non-profit scenarios. It’s crucial for landlords to understand these changes as they explore ways to navigate ongoing tax challenges,…
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Why Have House Prices not Crashed as Forecast?
In recent times, there’s been a wave of bleak forecasts suggesting UK house prices would plummet drastically—by 10% to 20%. However, the reality has been quite the opposite. According to the Office for National Statistics, there’s been a slight annual uptick in property values by 0.2% as of August. This increment brings the average UK…
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UK Housing Market: Experts See A Glimmer of Hope?
The UK housing market, after months of downturn, is showing signs of a tentative recovery. Data from Halifax indicates an increase in residential property prices in October, the first rise witnessed in half a year. However, amidst this hopeful news, experts predict a potential decline in values over the coming year. A Surprising Uptick in…
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London vs. World Capitals: The Prime Property Showdown
When it comes to luxurious homes, cities like London, New York, and Paris are always in the limelight. How do these iconic capitals stack up in the property market right now? Knight Frank’s latest Prime Global Cities Index provides some clues. London’s Prime Properties: The Current State London has seen a slight dip in its…
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Is BTL Only for Big Landlords Nowadays?
The UK property market has experienced a transformative shift over the past few years. No longer is it just about owning a home or two and collecting rent. Now, it’s about navigating a complex web of regulations, taxes, and financial instruments. The Telegraph looked into the journey of Sam Dyer, a successful property investor, to…
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Buy-To-Let Still Giving 8% Returns in Some Areas
With rising interest rates, sterner regulations, and a tax squeeze, many prospective landlords are questioning the viability of their investment dreams. Yet, research from digital mortgage lender Molo Finance suggests that by picking the right locations, investors can still reap yields nearing an impressive 8% in England and Wales. Understanding Property Yields Before diving deeper,…
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Phil Spencer’s Advice for Landlords in Crisis
Phil Spencer, known for his prominent role in the UK’s favourite property shows like “Location, Location, Location,” and his extensive experience in property buying, selling, and landlordship, offers a unique perspective on the trials and tribulations facing landlords today in today’s Telegraph. His journey in property investment is not just about short-term gains; it’s a…