Outlook

Tax change could result in UK landlords putting up rents by 20% to 30%

Tenants in the UK private rented sector face potential rent increases of up to 30% as a result of tax changes, it is claimed in a new analysis report. Tax changes, including the 3% extra stamp duty on additional properties, that have affected landlords are having a negative effect on the supply of rental properties […] The post Tax change could result in UK landlords putting up rents by 20% to 30% appeared first on PropertyWire . Continue reading →

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Prime property market in London still hit by tax, politics and the economy

Higher taxes and political and economic uncertainty have continued to suppress prime London residential values throughout 2016, according to new research. However, as prices have become more aligned with buyer expectations of value, the market has become more fluid, says the report from real estate firm Savills. Average house prices across the prime property market […] The post Prime property market in London still hit by tax, politics and the economy appeared first on PropertyWire . Continue reading →

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Scottish house prices saw solid growth during 2016, latest data shows

Average house prices in Scotland increased by 0.2% in December 2016 and sales volumes reached their highest level for nine years, the latest index shows. Year on year prices are now up by 2.2% to an average of £172,204 but while growth is ahead of the 2.1% annual rise for Wales and 1.3% in London, […] The post Scottish house prices saw solid growth during 2016, latest data shows appeared first on PropertyWire . Continue reading →

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