Property Sales
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 →
Around half of homes in cities such as London and Manchester are leasehold
Leasehold properties, which can take longer to buy and come with additional costs, are alive and well in England and Wales, particularly in London and Manchester, new research shows. Indeed some 53% of homes in London are leasehold and 46% in Manchester while overall in the country just 15% are leasehold, according to a report […] The post Around half of homes in cities such as London and Manchester are leasehold 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 →




