PropertyWire - UK & International Property News Service
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October 30th budget set to shake foundations of property market
WEB16 hours ago · The Budget on October 30th will be a watershed moment, threatening to send shockwaves through every stratum of the property market. Although the Labour manifesto excludes changes to the main sources of taxes in this electoral cycle, it leaves the Chancellor only the following; Capital Gains Tax, Inheritance Tax, Private Pensions, Mansion Tax ...
Bank of England holds interest rate at 5.0% - PropertyWire
WEB5 hours ago · Jason Tebb, president of OnTheMarket, said: “As widely expected, the Bank of England has voted to hold interest rates at 5%. “Even though inflation is seemingly under control at 2.2 per cent, there are concerns that it may increase over the autumn on the back of higher energy bills. “The Bank remains cautious for now, although the markets ...
Developer launches global property consultancy - PropertyWire
WEB1 day ago · The developer currently has a project pipeline worth £1.7 billion, with active developments in Battersea, Fulham and Canary Wharf. David Gaffney, construction managing director of Rockwell, said: “We bring decades of hands-on experience across all elements of construction, delivering intricate, high-profile, multi-stage projects to the table.
Landlords warned ‘time is of the essence’ as Autumn Budget looms
WEB16 hours ago · Landlords warned ‘time is of the essence’ as Autumn Budget looms. Analysis Thu 19 Sep 2024. Duncan Kreeger, CEO of TAB, speaks to sellhousefast.co.uk as landlords look ahead to the Autumn Budget. It’s certainly true that whispers of a potential capital gains tax hike have landlords reconsidering their portfolios.
North-South divide in rents narrowing - PropertyWire
WEB3 days ago · The average rent in the South is 37% higher than the North, down from 43% in August 2023 and 55% in November 2021. In the South of England rental growth has cooled from 8.7% to 5.0% over the last year. Meanwhile in the North rents are still rising 9.6% year-on-year, a similar pace to last year.
Rethinking property investment in a faltering buy-to-let market
WEB1 day ago · The decline of the buy-to-let market over the last couple of years has caught the sector by surprise, with landlords now exiting the market in record numbers amid growing financial pressures. Data from Rightmove reveals that nearly one in five homes currently for sale were previously rented properties, a significant rise from 8% in 2010 and ...
Budget uncertainty replacing election uncertainty in Prime London
WEB16 hours ago · London’s super-prime £10 million plus market has experienced both a sluggish July and August, as uncertainty around the election has been replaced with nervousness on what we’re going to see in the budget at the end of the month. There were 22% fewer transactions in the year to July than the previous 12 months.
Property News : UK & International Property News : - PropertyWire
WEBMay 28, 2024 · To provide the best experiences, we and our partners use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us and our partners to process personal data such as browsing behavior or unique IDs on this site and show (non-) personalized ads.
About Property Wire - PropertyWire
WEBAbout Property Wire PropertyWire.com is an online channel focused on news from both the residential and commercial real estate sectors. It is aimed at key business decision makers from industries such as estate agencies, property development and construction, surveying, architecture to a broad range of readers who just have a general interest in bricks and mortar.
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