• New Scottish property tax deemed an operational success

    New Scottish property tax deemed an operational success

    The new Land and Building Transaction Tax (LBTT) in Scotland replaced traditional stamp duty on property purchases from April 2015. This was a controversial tax because while helping those towards the lower end of the housing market, it shifted significant costs to those in the middle to higher end. Now we have data for a

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  • Would a soft London property market impact the rest of the UK?

    Would a soft London property market impact the rest of the UK?

    Many people talk about the London property market and the rest of the UK as “one market” when in reality this is certainly not the case. For those who have looked into the London property market, and indeed the economy of London, this is to all intents and purposes a property market within a property

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  • Is the UK property market bucking seasonal trend?

    Is the UK property market bucking seasonal trend?

    While it is dangerous to take one month’s figures in isolation there are signs that the UK property market is bucking the traditional winter trend. Historically the number of properties listed and sold in November falls fairly sharply as the industry effectively closes down for the winter period, opening up again in the New Year.

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  • Is London headed for a short-term rental property crisis?

    Is London headed for a short-term rental property crisis?

    Despite the doom and gloom surrounding the UK economy, Brexit, etc life goes on for those in London and around the rest of the UK. As the number of tourist visiting the UK continues to grow there is renewed demand for further rental accommodation. However, the London Assembly has stepped into an argument between letting

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  • How will the autumn statement impact the UK property market?

    How will the autumn statement impact the UK property market?

    As ever, the devil is in the detail with regards to government announcements with the autumn statement under particular scrutiny. While it is impossible to cover every aspect of the autumn statement in the Chancellor of the Exchequer’s speech there is more to this than meets the eye. Below we have listed a number of

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  • London property stamp duty income set to fall

    London property stamp duty income set to fall

    We can only hope that eventually governments of the day will learn lessons from the past and stop milking the UK property market to shore up failing budgets. After increase in the rate of stamp duty on houses towards the higher end of the spectrum the government is now looking at a potential £10 billion

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