Stamp duty

Stamp Duty

Covid causes 41% drop in property sales despite stamp duty holiday boost

Property market analysis by estate agent comparison site, GetAgent.co.uk , has revealed that residential transactions across England and Wales fell by -41% in 2020 when compared to the previous year, despite the market receiving a boost in the form of a stamp duty holiday.

The initial lockdown introduced in March of last year saw the property market ground to halt, although it’s...

Chester’s Napoleonic Ammunition Factory

Stamp duty holiday deadline scrapped at Chester’s Shot Tower says Whitecroft Group

There is widespread uncertainty surrounding whether Rishi Sunak’s Budget briefcase contains an extension to the Stamp Duty ‘holiday’ that is due to end on March 31st.

Should he fail to extend the current deadline, it could result in a significant cost to some pending home buyers – but, that dilemma has been solved where one particular new housing development is concerned.

...

Nearly half of buyers would pay full stamp duty to avoid the transaction falling through

Research by home buying platform, Yes Homebuyers , has revealed that half of current homebuyers would happily pay the stamp duty owed on their purchase if it meant completing now and avoiding the current market backlog.

The survey of 3,717 homebuyers found that those to have seen their property purchase delayed due to the current market backlog have been impacted in a number of ways...

Homebuyers have benefited from the current stamp duty saving

Stamp duty holiday has already saved homebuyers £108m

The latest research from lettings and estate agent, Benham and Reeves , has revealed the huge number of homebuyers that have already benefited from the current stamp duty saving and the money they’ve saved.

Benham and Reeves analysed sold price records across England from the Land Registry between the launch of the stamp duty holiday on 8th July and August 31st (latest available data...

Stamp Duty savings

Stamp duty holiday has already saved homebuyers £108m

The latest research from lettings and estate agent, Benham and Reeves , has revealed the huge number of homebuyers that have already benefited from the current stamp duty saving and the money they’ve saved.

Benham and Reeves analysed sold price records across England from the Land Registry between the launch of the stamp duty holiday on 8th July and August 31st (latest available data...

UK Real Estate sector could be on course to increase 44%

Property market revival is boosting real estate sector employment

The latest research by leading property recruitment specialists, Rayner Personnel , has revealed the UK Real Estate sector could be on course to increase 44% based on current employment and the number of vacancies being actively recruited for.

Rayner analysed data on the number of job vacancies being actively recruited for, the number of businesses operating in each sector, the size...

Scotland is currently the home selling discount hotspot of the UK

The regions offering homebuyers the biggest savings via a reduced property purchase

The latest research by GetAgent.co.uk has revealed which regions of the UK are home to the biggest reductions in the value of properties currently on the market.

GetAgent crunched data analysing property listings across the major property portals to find where home sellers were reducing their property price by the largest margin and where provided home buyers with the most...

Housing market to slow coming into Autumn

Housing market set to slow as summer ends

The latest research by estate agent comparison site, GetAgent.co.uk , has revealed that it’s not just the temperature that could start to cool as we head into autumn, with property transactions and sold prices also likely to take a dip.

GetAgent analysed market data across each season last year and found that summer is the hottest month to be a home seller, with the highest number of...

Stamp duty break boosting bridging loans

121% Increase in Bridging Loan Enquiries Since Stamp Duty Relief Announcement

In an announcement by the Bank of England, property prices have risen by £30,000 on average and house sales have soared by 20% since the government announced the Stamp Duty Land Tax temporary reduced rates on 8th July 2020. At KIS Finance , one of the largest independent bridging loan brokers in the UK, we have seen a massive 121% increase in bridging loan enquiries since the Stamp Duty...

Pages