Posts Tagged ‘Stamp duty’
Rumoured stamp duty extension to end of June – latest estimates
Following the latest rumours that the stamp duty holiday could be extended to the end of June, here is the estimated effect it could have: Rightmove estimates an additional 300,000 property transactions in England could benefit from the tax saving, based on previous HMRC data If an additional 300,000 transactions made it through, buyers could…
Read MoreStamp duty changes – Rightmove reaction and latest figures
There are over 510,000 properties that are under £500,000 on Rightmove in total, making up 81% of all properties for sale in England Over 291,000 properties under £500,000 are currently available for sale on Rightmove, making up 78% of all properties available for sale in England (i.e. they have not yet found a buyer) People…
Read MoreHousing: Budget 2018 in Brief from HM Treasury
Housing: Budget 2018 in Brief from HM Treasury The Budget sets out the steps being taken to keep the government on track for housing supply to reach 300,000 a year. Further steps announced at the Budget include: A new Help to Buy Equity Loan scheme that will run from April 2021 for 2 years. •…
Read MorePetition launched to reintroduce full mortgage interest relief and to drop the 3% stamp duty surcharge
Petition launched by Mark Homer to UK Government and Parliament. Reintroduce full mortgage interest relief and to drop the 3% stamp duty surcharge. Petition details as shown on Government website: ‘We call on the Government to reintroduce full mortgage interest relief and to drop the 3% stamp duty surcharge which is increasing homelessness by driving…
Read MoreSales to first-time buyers rose in February 2018 according to NAEA Propertymark
Latest NAEA Propertymark Housing Report – February 2018 reveals: Sales to first-time buyers rose in February and the number of house-hunters fell in line with the supply of available properties. The number of prospective house-hunters fell by 16 per cent in February – from 367 registered per branch, to 309, year on year this is…
Read MoreSales to First-Time Buyers fall in January compared to previous month according to NAEA Propertmark.
Latest Housing Market report from NAEA Propertymark headlines ‘House-Hunters Flood The Market’ The report reveals that the number of house-hunters looking for new homes rose by 37 per cent in January. January saw an influx of sellers marketing their properties, the supply of available properties increased to 36 per branch on average, from 33 in…
Read MoreStill alot to be done to help those struggling to buy their first home (NAEA Propertymark)
News release 21st February 2018 from NAEA Propertymark headlined ‘Ways to help first time buyers enter the housing market’ Although recent figures show the number of first-time buyers (FTBs) has reached its highest level in a decade, there’s still a lot to be done to help those who are struggling to purchase their first home.…
Read MoreUK house prices fall again in January on a monthly basis according to Halifax
The latest Halifax House Price Index report – January 2018 released today headlines ‘Annual House Price Growth Slows To 2.2%’ The report states: Prices in the last three months to January were 2.2% higher than in the same three months a year earlier, although the annual change in January was lower than in December (2.7%).…
Read MoreStamp duty reduction for FTB’s announced in last Autumn Budget likely to increase prices.
Today 22nd January 2018 – The Treasury Committee publishes a unanimously agreed report on the Autumn Budget 2017. In the report it highlights that the stamp duty reduction for first-time buyers (FTB’s) announced in the Budget is likely to increase the prices paid by such buyers. In the summary it stated: The Chancellor abolished Stamp…
Read MoreUK Housing market activity continues to drop in December according to RICS
The latest RICS UK Residential Market Survey – December 2017 released today headlines ‘Stamp duty change to have limited impact as new buyer interest drop further.’ The survey reveals that in December, activity in the UK housing market continued to drop. Buyer interest edges lower as sales and new instructions continue to decline. The report…
Read MoreUK house prices increase for the fourth consecutive quarter according to Halifax
Latest Halifax House Price Index report – November 2017 released today headlines ‘Annual House Price Growth Eases to 3.9%’ The report reveals house prices in the three months to November 2017 were 2.4% higher than in the three months to August 2017. House prices rose by 0.5% between October and November, following a 0.3% increase…
Read MoreNAEA Propertymark reveals trends and expectations for 2018.
In a press release yesterday from NAEA Propertymark they analyse their sales data for 2017 to reveal trends and expectations for 2018. To read NAEA Propertymark’s 2017 overview of the housing market in full click here. Mark Hayward, Chief Executive, NAEA Propertymark comments on the findings: “2017 has been a busy year for the property…
Read MoreStamp duty abolished for First-Time Buyers in Autumn Budget.
Chancellor Philip Hammond delivered his Autumn Budget yesterday, the headline announcement which he left to last was that stamp duty will be abolished for all first-time buyer property purchases priced up to £300,000, with immediate effect. In the more expensive areas such as London stamp duty will be abolished on the first £300,000 of properties…
Read MoreAn increase in the number of Landlords buying in cash according to Countrywide.
The latest Countrywide Lettings Index report – October 2017 released yesterday headlines ‘Cash landlords spend a record £21 billion’ The report reveals that: The rising number of landlords buying in cash means that over the last year they spent more than at any time in the last decade, a record 65% of landlord purchases over…
Read MoreMortgage activity picked up in August according to UK Finance
The latest UK Finance data published 12th October 2017 shows that lending for house purchase was higher in August 2017 than in both the preceding month and a year earlier. On a seasonally adjusted basis, borrowing by first-time buyers and movers increased by both value and volume, according to UK Finance. First-time buyers borrowed £5…
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