Property Tax

Higher stamp duty behind sharp decline in prime property sales in central London

The prime central London residential property market has experienced a sharp decline in sales volumes since the middle of 2014 mainly due to higher stamp duty rates, a new report confirms. However, while sales have been weaker, a combination of lower asking prices and a weaker pound has begun to push demand indicators higher in […] The post Higher stamp duty behind sharp decline in prime property sales in central London appeared first on PropertyWire . Continue reading

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One in four sales in UK was a buy to let or second home in third quarter of 2016

One in four properties bought in the UK in the third quarter of 2016 was a buy to let or a second home, new figures from the tax department show. The introduction of an extra 3% stamp duty charge on additional home in April of this year has enabled figures to be published for the […] The post One in four sales in UK was a buy to let or second home in third quarter of 2016 appeared first on PropertyWire . Continue reading

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Home buyers in England and Wales need bigger deposits

The average property deposit across England and Wales has increased by around £5,000 year on year despite the amount needed falling as a percentage of the price of a home, new research shows. Indeed, deposit percentages decreased year on year by an average of 1% across all regions, with the exception of Greater London where […] The post Home buyers in England and Wales need bigger deposits appeared first on PropertyWire . Continue reading

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