Market Commentary
Market Overview
A return to economic growth, high employment, rising disposable incomes and persistently low interest rates are expected to keep house prices rising.Property information portal Rightmove reported a fall in asking prices of 4.9 per cent in Westminster, whilst instructions in Kensington & Chelsea saw an increase of 7.4 per cent year on year.
New sales instructions in London Continue reading “Latest London Property News – March 2016” »
The Budget – Key points for the Property Industry
New stamp duty rates for commercial property
Market Overview
Stamp duty on Second Homes including Buy-to-Let
The Government confirmed that it will proceed with the proposed increase to Stamp Duty Land Tax
when buying additional properties from 1st April 2016.
- New Stamp Duty Land Tax (SDLT) on commercial property is changing to the ‘slice’ system: 0% up to £150,000, 2% on next £100,000, 5% on consideration over £250,000. Continue reading “The Budget – Key points for the Property Industry” »