Seoul and Tokyo the fastest growing housing markets globally
House prices have surged by 25.2% in Seoul in South Korea, making it the fastest growing prime market in the world. After Seoul comes Tokyo in Japan (16.3%), and Dubai…
Rachel Reeves weighs up replacing stamp duty with sellers’ tax
Chancellor Rachel Reeves is considering replacing stamp duty with a tax paid by the sellers of high-value properties. It’s thought a national tax could be paid by owner-occupiers on houses…
More people remortgaging rather than buying
The number of remortgagors in July nearly matched new property purchases. Data from Twenty7tec demonstrates that more people are refinancing rather than climbing the property ladder. In July advisers handled…
Latest base rate cut to boost rental affordability
The latest Bank of England base rate cut is expected to boost the rental market, according to Principle Estate Management. The company said this this latest cut would help landlords…
Commercial EPC ratings inconsistent across Europe
A commercial building that receives the highest rating in one country could receive a grade up to four places lower in another, Savills found in its Impacts research programme. The…
Summer slowdown sends prices down £10,000
The typical asking price of properties has dropped by £10,000 in just three months, pointing to a buyers’ market where it’s possible to haggle on price. The average price has…
Tenant demand strongest in Yorkshire
Four in five (81%) landlords across Yorkshire & the Humber are experiencing strong tenant demand, indicating that there’s strong competition for every property in the region. In contrast, London and…
Calls for Italian-style ‘investor visa’ in UK
The CEO of an organisation representing individual investors, advisers and businesses has called for an Italian-style flat tax for investors. Leslie McLeod-Miller warned about changes to the non-dom tax regime,…
Landlord repossessions up 11% year-on-year
Buy-to-let mortgage repossessions are up by 11% year-on-year, data from UK Finance shows. Some 790 buy-to-let mortgaged properties were repossessed in the second quarter, which is at least 2% fewer…
Leasehold system blocking landlords from buying or improving flats
Leasehold structures are limiting upgrades and pushing landlords away from buying flats, research from Leaders Romans Group (LRG) shows. Some 46% of landlords with leasehold flats say their biggest challenge…