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London property: Is it crash, correction or carry on as normal in the prime market?

Market Overview

“It is the variety of purchasers from all over the world and transparent government that we believe makes prime central London a stable market,” said Nicholas Jaffray, director of Jaffray Estates, a property buying agent in London, to IBTimes UK. He added that in the previous week, Jaffray Estates had taken on three new clients, two of which already owned prime propertyin central London. Continue reading “London property: Is it crash, correction or carry on as normal in the prime market?” »

Latest London Property News – January 2016


Market Overview

Membership of the European Union (EU) presents the greatest uncertainty for UK real estate in 2016/17. We expect the UK real estate market will move into a new stage of the property cycle and will potentially face a number of obstacles: an in-out EU referendum within the next 18 months, new regulation coming into force, and a potential end to more than six years of record-low interest rates, Continue reading “Latest London Property News – January 2016” »

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” »
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