Commentators relieved Autumn Budget is over
Property professionals are reassured that the Autumn Budget has given the industry some certainty – by not making any seismic changes. The budget saw the planned introduction of a ‘council…
Knight Frank on the Mansion Tax and upward rental pressure
Tom Bill, head of UK residential research at Knight Frank A new tax on homes worth more than £2 million was announced, but there are questions over how much it…
Heat pump adoption well behind long-term target
Only 5% of the government’s air source heat pump installation target is being met in England and Wales under the Boiler Upgrade Scheme (BUS), data analysed by Hewer Facilities Management…
Global investors call for faster base rate cuts to boost UK’s appeal
The majority (60%) of global institutional investors think the UK risks losing ground internationally without faster base rate cuts. Further Bank of England base rate cuts could boost consumer spending,…
Central Glasgow ibis sold to international group
An ibis hotel has been sold to an international hotel group for approximately £7.5 million. The 101-bedroom hotel, located on Miller Street in Glasgow city centre, was developed by Maven…
Campaign launches to introduce voluntary Future Homes Standard
Construction veteran Steff Wright has called for the government to roll out a voluntary Future Homes Standard (FHS) and incentivise its uptake via targeted stamp duty relief. This would work…
109 residential units purchased in Cambridge for £40m
Invesco Real Estate has committed to acquire a 109-unit residential asset within Cambridge’s Marleigh Park masterplan for £40 million. There are two residential buildings still under construction. The first, totalling…
More landlords turning to semi-commercial
More landlords are investing in semi-commercial property, suggesting many are turning away from residential in search of better returns. Applications with Shawbrook Bank increased by 58% in the first half…
‘Chancellor has backed herself into raising property taxes’
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Aldermore calls for stamp duty holiday
Buyers of homes under £500,000 should be given an 18-month stamp duty holiday to stimulate sales and investment, Aldermore has urged ahead of Wednesday’s Autumn Budget. There was previously a…