Breaking Property News – 26/06/2023

June 26, 2023

Daily bite-sized proptech and property news in partnership with Proptech-X.

 

Did Rishi Sunak make a fatal error in SDLT taxation policy causing a potential housing crash.

Whilst Chancellor for the Exchequer did Rishi Sunak make a fatal error in SDLT taxation policy causing a potential housing crash. With Brexit, Covid, Boris, and three PM’s in the space of a few months, it has been hard to see what has been thought out government policy, and what is just reactionary legislation to act as a sticking plaster. But as we suffer our thirteenth and probably not our last Bank of England rate rise, it is time to ask who is to blame.

For my money, the incumbent PM Rishi Sunak, whilst in his previous role as Chancellor of the Exchequer is guilty as charged, not only has he allowed about £26BN of tax payers money to go walkabout to criminals who abused Covid funding. Rishi stoked the fires of hyper-house-inflation with typically a 20% rise in house value in 24-months.

Now we as a nation are dealing with the fallout of this scandalous ill thought out SDLT giveaway, that has meant for many their mortgage repayments are set to increase by 50% just a the time the CALC still rages. Fiscal competency should be the compass of any Chancellor, this one just went with a populist cure all that was always going to funnel activity and inflate prices.

 

Andrew Stanton Executive Editor – moving property and proptech forward. PropTech-X

Andrew Stanton

CEO & Founder Proptech-PR. Proptech Real Estate Influencer, Executive Editor of Estate Agent Networking. Leading PR consultancy in Proptech & Real Estate.

You May Also Enjoy

Estate Agent Talk

Propertymark urges households to check carbon monoxide alarms and heating systems

As temperatures drop and households across the UK rely more heavily on boilers, gas fires, and open flames, Propertymark is urging everyone to take simple steps to protect themselves from the dangers of carbon monoxide (CO), the “silent killer.” Carbon monoxide has no smell, taste, or colour, yet even small amounts can cause a serious…
Read More →
Estate Agent Talk

Autumn Budget 2025: Key advice for homeowners, buyers and landlords

The UK’s Autumn Budget delivered several headline-grabbing policies that will directly shape the future of the housing market. While initial reactions ranged from concern to confusion, property experts say the sector should take a measured, informed view, particularly as many changes won’t take effect for several years. From understanding who is going to face implications,…
Read More →
Estate Agent Talk

Choosing the Right Apartment Size in Centennial

Finding the right apartment size is one of the most important decisions renters make when moving to Centennial. Whether you’re new to the area or relocating within the Denver metro, choosing the correct floor plan can shape everything from your daily comfort to how well the space fits your lifestyle. Many renters begin their search…
Read More →
Breaking News

Top tips to dent curb appeal

Top tips for high-net worth homeowners to dent curb appeal and dodge mansion tax The latest analysis by London lettings and estate agent, Benham and Reeves, has revealed how high net worth homeowners could, in theory, dent the curb appeal of their property in an attempt to mitigate the impact of last week’s Budget announcement,…
Read More →
Breaking News

Half of borrowers want two-year fixed mortgage deals

New data from Moneyfactscompare.co.uk shows that: Nearly half (49%) of borrowers comparing mortgage deals in November 2025 were considering two-year fixed-rate options. This shorter-term deal was favoured by first-time buyers (70%) and remortgage customers (62%), while second-time buyers showed more variation, with 45% leaning towards five-year or longer terms. Despite higher overall mortgage rates, 7% of…
Read More →
new build homes colchester essex
Breaking News

Build to rent completions continue to rise at pace

New analysis from Property Inspect, a leading provider of inspection and compliance technology, reveals that the UK’s build to rent (BTR) sector with over 3,700 new units completed in the last quarter alone, but with the number of units under construction falling -12.5% on the year, is the supply pipeline about to dry up? Property…
Read More →