Chancellor signals tax rises in upcoming Autumn Budget
Chancellor Rachel Reeves has given a press conference to set “the context for the Budget”, signalling that she is preparing the country for tax hikes. Speaking three weeks before the…
Younger generations no longer buying to live long-term
The appeal of living in a home for 15-20-years is losing its appeal for 18-34-year-olds, research from Zoopla has found. Almost half (45%) of 18-34 year old homeowners expect to…
Commercial landowners warned about pitfalls amidst ‘grey belt’ sell-off
Landowners selling sites should ensure they understand the difference between promotion agreements and option agreements – to avoid disputes when selling. With a Promotion Agreement, the land promoter seeks to…
Average mortgage rate dips below 5% ahead of base rate decision
Typical mortgage rates dropped to 4.99% this month, analysis by Moneyfacts has found. This means affordability is gradually improving for mortgage borrowers, though it could be better given the Bank…
HMRC property transactions see 4% annual rise
The number of UK residential transactions were 95,980 in September, 4% higher than a year ago, HMRC data shows. Jason Tebb, president of OnTheMarket, said: “The market remains remarkably resilient…
Landlords see rising profits and yields despite Budget
Landlords are enjoying better profits and yields than they have for several years, research from Aldermore has revealed. The average achieved yield of 6.6% is the highest seen in a…
Planning permission granted for biofuel facility in Kent
Syntech Biofuel is set to expand its energy operations at Kingsnorth Industrial Estate in Rochester. The development will deliver a new 1,600 sq m production building to manufacture of Syntech’s…
Mansion Tax speculation continues – PropertyWire
There’s heightened talk that the market could be hit with a Mansion Tax in next month’s Budget. Specifically it’s thought Chancellor Rachel Reeves could impose a 1% levy on the…
Anger after Rachel Reeves failed to get a landlord license
Chancellor Rachel Reeves failed to gain a selecting landlord licence when renting out her home in Dulwich, attracting some ire from the property industry. The breach happened after she moved…
Executives worried about a potential recession
Leaders in the real estate and construction space think economic uncertainty poses a very real risk to their business. This year has seen recession fears rise amidst erratic policymaking in…