Stamp Duty
Prime central London property market outlook flat for 2017
Only properties that are priced realistically in the prime central London market are selling as the sector has been impacted by tax change, according to the latest analysis. Sales have seen an uplift of 4.6% from British buyers in the third quarter of 2016 but overall both the volume of sales and selling prices are […] The post Prime central London property market outlook flat for 2017 appeared first on PropertyWire . Continue reading →
Prime property price growth slowing in key global cities
Luxury homes in some of the world’s top cities saw a slowdown in price growth in the last quarter as new taxes, elections, referendums and economic jitters had an effect. Despite an average annual growth rate of 3.8% some 18 of the 37 cities tracked by the Knight Frank prime global cities index saw their […] The post Prime property price growth slowing in key global cities appeared first on PropertyWire . Continue reading →
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 →