Demand in the prime central London lettings market continued to strengthen in September as uncertainty persisted over short term pricing trends in the sales market. The number of tenancies agreed in the three months to August rose 15.7% and marked the highest on record for the month, according to the latest index from real estate […] The post Prime central London rent market sees demand up as values fall appeared first on PropertyWire . Continue reading
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UK sees first time buyer mortgages rise as buy to let slows
Home owners in the UK borrowed £12.2 billion for house purchases in August, up 14% month on month and 11% year on year, according to the latest data. They took out 66,000 loans, up 13% on July and 9% on August 2015, the figures from the Council of Mortgage Lenders (CML) show as house purchase […] The post UK sees first time buyer mortgages rise as buy to let slows appeared first on PropertyWire . Continue reading →
Property taxes biggest burden to UK residential market
Over 70% of UK based property and construction businesses view the tax system as unfavourable to the industry, according to a new survey. Some 68% believe that stamp duty is the biggest tax barrier to business growth, with another 12% perceiving Capital Gains Tax as the biggest barrier. The report, which provides a 12-month market […] The post Property taxes biggest burden to UK residential market appeared first on PropertyWire . Continue reading →