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Latest London Property News – December 2015

AUTUMN STATEMENT -Stamp duty on second homes and buy-to-let

Market Overview

Osborne’s 3% proposed increase in the rate of Stamp Duty on second homes, including buy-to-let, is likely to further reduce the number of transactions and prices in the prime central London market. Likely outcome in short is that some buy-to-let investors will rush to transact before the April 2016 deadline. Longer term, these buyers will be more cautious with increased transaction costs, plus the additional tax relief Continue reading “Latest London Property News – December 2015” »