Stamp duty cut fuels surge of interest in London commuter beltRightmove says interest doubled for homes between £400,000 and £500,000 in Harrow, Milton Keynes and Watford
Get Living, the landlord behind the rental flats at the former London 2012 Athletes’ Village, is to invest in creating 649 homes in Lewisham for its next major project.The build-to-rent firm will work with regeneration expert Muse Developments to create a scheme including the rental homes, shops, a gym, cinema and some office space.
Nationwide to offer low-deposit mortgages after stamp duty moveSociety reverses June decision following announcement of tax holiday on certain homes
Buy-to-let landlords have swooped into the property market to take advantage of the stamp duty tax giveaway. In a temporary move intended to stimulate the property market in the wake of coronavirus, Chancellor Rishi Sunak last week announced that buyers in England and Northern Ireland would pay no stamp duty on the first £500,000 of their purchases until March 31. Landlords and others purchasing a second home still pay 3pc of the entire value of the property in additional tax, but the tax break means that their bills could fall by as much as half. The savings have persuaded many to return to the market. Estate agents said the biggest rush of demand had been for homes worth less than £500,000. An investor buying a home worth half a million pounds will now pay £15,000 rather than £30,000 in stamp duty. Buyers in the most expensive parts of the country – primarily London and the South East – will benefit most. Rentround, a letting agent comparison website, said the number of landlords contacting its agents across the country had risen by 22pc. In north and east London, inquiries have risen by 31pc, higher than anywhere else in the country. David Galman of developer Galliard Homes said inquiries for new build homes from buy-to-let investors since the stamp duty holiday was announced jumped by 40pc compared to the previous week.
Can I buy a house in my name but put my partner on the mortgage?. I’m worried we won’t be eligible for the stamp duty cut as my fiance owns a flat he can’t sell
Just days are left to pass a new law to prevent “a wave of evictions and homelessness” as the coronavirus pandemic continues to bite, Labour is warning.Ministers are accused of ignoring the threat facing renters, when a temporary ban on kicking them out lapses next month – even as second home-owners and landlords are handed generous tax breaks.
The recent stamp-duty changes may boost property sales. I believe shares of FTSE housebuilders and estate agents are likely to benefit in the coming months.The post Stamp duty holiday: Why I’d buy FTSE housebuilders, real estate agents, and REITs appeared first on The Motley Fool UK.
People who bought a home in recent weeks have called the stamp duty relief introduced on Wednesday an “injustice” after they missed out on a tax saving worth thousands of pounds. Rishi Sunak, the Chancellor, announced in the summer statement that home purchases up to £500,000 would be exempt from stamp duty until March 31. The move is intended to boost the country’s struggling housing market, but those who purchased just before the rule change will miss the tax bonus, worth up to £15,000. Figures published by HM Revenue and Customs show there are 50,000 transactions completed each month, meaning thousands of buyers will have missed out on a tax break by a matter of days. Nick Hyde, 29, is among them. The business development manager bought a £475,000 property in Basildon, Essex, on July 3. He and his wife, Ashley Brown, paid £13,750 in stamp duty. Had they delayed the purchase by a week, they would have avoided the tax bill. Mr Hyde said the decision not to backdate the tax break was an “injustice”. He said he felt those who supported the property market and economy in recent months had been unfairly punished. “If we had bought months before the pandemic I wouldn’t have had a problem, but they’ve changed the goalposts a few days after we’ve bought,” he said. Mr Hyde said it was especially frustrating as he had been gifted money by his parents to help fund his new home. He added: “It’s completely taken the shine off the new house.”
Estate agents in England report surge of interest as tax cut spurs on homebuyers. Fears stamp duty holiday could be swallowed up by competitive house bidding
West End landlord collects less than a third of rent in JuneGreat Portland Estates says it has received 28% of quarterly payments from commercial tenants in central London
Are you planning on moving home as a result of lockdown?. We would like to hear from people who are relocating due to the coronavirus pandemic
Buy-to-let and holiday homes are among those able to benefit from lower stamp duty costs under the government's plans in England and Northern Ireland.
Dublin, July 10, 2020 (GLOBE NEWSWIRE) -- The "Real Estate Activities in South Africa 2020" report has been added to ResearchAndMarkets.com's offering. This report focuses on the real estate industry which comprises commercial, industrial and residential properties, as well as property development, property valuation and bond origination. It includes information on the state and size of this sector, performance statistics and corporate actions in the sector. There are profiles of 129 companies including real estate agencies such as Pam Golding, Rawson and Seeff, property funds such as Vukile, Rebosis and Oasis Crescent, developers such as Calgro M3 and Nu-Way and special zones such as the East London Industrial Development Zone and Coega. Real Estate Activities: The real estate sector's performance largely depends on economic drivers and has been challenged by slow economic growth during the past few years. The number of companies listed in the JSE's real estate sectors increased since 2017, but their market capitalisation declined by 64.4% between 2017 and November 2019 as South Africa moved into recession. Between November 2019 and April 2020, property share prices lost 34.2% as the outbreak of the coronavirus severely impacted global and local markets. Coronavirus: The industrial, commercial and residential property sectors and developments in these sectors have been hard hit by the lockdown following the outbreak of coronavirus, which has resulted in estate agents shutting down as property deals come to a halt, and industrial, commercial and residential tenants unable to pay rent. In some cases they have been given relief in the form of deferred payment holidays, rental discounts and limitations on the possibility of being evicted. With the deeds office and municipalities shut in April, no property transfers were expected to take place, and the backlog may take months to clear. Several listed property companies announced they are postponing or cancelling dividend payments. Key Topics Covered 1\. INTRODUCTION 2\. DESCRIPTION OF THE INDUSTRY 2.1. Industry Value Chain 2.2. Geographic Position 3\. SIZE OF THE INDUSTRY 4\. STATE OF THE INDUSTRY 4.1. Local 4.1.1. Corporate Actions 4.1.2. Regulations 4.1.3. Enterprise Development and Social Economic Development 4.2. Continental 4.3. International 5\. INFLUENCING FACTORS 5.1. Economic Environment 5.2. Government Initiatives 5.3. Input Costs 5.4. Water and Electricity Supply Constraints 5.5. Labour 5.6. Technology, Research and Development (R&D) and Innovation 5.7. Cyclicality 5.8. Crime and Security 5.9. Environmental and Social Concerns 6\. COMPETITION 6.1. Barriers to Entry 7\. SWOT ANALYSIS 8\. OUTLOOK 9\. INDUSTRY ASSOCIATIONS 10\. REFERENCES 10.1. Publications 10.2. Websites Company Profiles - Commercial Property Investment & Management Companies * Sable Holdings (Pty) Ltd * Eris Property Group (Pty) Ltd * Vukile Property Fund Ltd * Fairvest Property Holdings Ltd * Redefine Properties Ltd * Resilient REIT Ltd * Fortress REIT Ltd * Tower Property Fund Ltd * Emira Property Fund Ltd * SA Corporate Real Estate Ltd * Growthpoint Properties Ltd * Sanlam Ltd * Zenprop Property Holdings (Pty) Ltd * Accelerate Property Fund Ltd * Arrowgem Ltd * Delta Property Fund Ltd * Freedom Property Fund Ltd * Investec Property Fund Ltd * Oasis Crescent Property Fund * Octodec Investments Ltd * Pareto Ltd * Texton Property Fund Ltd * Equites Property Fund Ltd * Ingenuity Property Investments Ltd * Public Investment Corporation SOC Ltd * Ascension Properties Ltd * Liberty Holdings Ltd * Atterbury Property (Pty) Ltd * Mbako Property Fund (Pty) Ltd * Old Mutual Ltd * Stor Age Property REIT Ltd * Hyprop Investments Ltd * Orion Real Estate Ltd * Merchant and Industrial Properties Ltd * Putprop Ltd * Montagu Homes (Pty) Ltd * Arrowhead Properties Ltd * Adrenna Property Group Ltd * Rebosis Property Fund Ltd * Tradehold Ltd * Stenprop Ltd * Visual International Holdings Ltd * Acsion Ltd * Beare Properties (Pty) Ltd * Sargas (Pty) Ltd * City Lodge Hotels Ltd * Tourvest Holdings (Pty) Ltd * Legacy Hotels and Resorts (Pty) Ltd * AFHCO Holdings (Pty) Ltd * Inframax Holdings (Pty) Ltd * Passenger Rail Agency of South Africa * Heriot REIT Ltd * Exemplar REITail Ltd * Hammerson PLC * Raven Property Group Ltd * Sirius Real Estate Ltd * Free State Development Corporation * RPP Developments (Pty) Ltd * WBHO Construction (Pty) Ltd * Abland (Pty) Ltd * Keystone Investments (Pty) Ltd * Investec Property (Pty) Ltd * Rabie Property Group (Pty) Ltd * Tongaat Hulett Developments (Pty) Ltd * Group Five Ltd * Renprop (Pty) Ltd * Summercon Holdco (Pty) Ltd * Zotos Brothers (Pty) Ltd * Swish Property Group (Pty) Ltd * TCI Properties (Pty) Ltd * Westbrook Residential Development (Pty) Ltd * Calgro M3 Holdings Ltd * Nu-Way Housing Developments (Pty) Ltd * Power Development Projects (Pty) Ltd * Trustgro Developments (Pty) Ltd * Peermont Global (Pty) Ltd * Sun International Ltd * Kat Leisure (Pty) Ltd * Tsogo Sun Hotels Ltd * Coega Development Corporation (Pty) Ltd * East London Industrial Development Zone SOC Ltd * Richards Bay Industrial Development Zone Company SOC Ltd * Atlantis Special Economic Zone Company SOC Ltd * AIDA National Franchises (Pty) Ltd * Electronic Realty Associates (South Africa) (Pty) Ltd * Geffen International Realty Franchises (Pty) Ltd * Pam Golding Properties (Pty) Ltd * Everybody Wins Real Estate Franchising (Pty) Ltd * Seeff Property Services (Pty) Ltd * Property Referral Network (Pty) Ltd * First Realty Central (Pty) Ltd * Realty One International Property Group (Pty) Ltd * My Africa Properties (Pty) Ltd * Leapfrog Property Group (Pty) Ltd * Just Property Group Holding (Pty) Ltd (The) * Wakefields Real Estate (Pty) Ltd * Jawitz Properties (Pty) Ltd * Firzt Realty (Pty) Ltd * Rawson Residential Franchises (Pty) Ltd * Fieldspace Property Managers (Pty) Ltd * Excellerate Real Estate Services (Pty) Ltd * Broll Property Group (Pty) Ltd * Maxprop Holdings (Pty) Ltd * RMG Management Group SA (Pty) Ltd * Trafalgar Property Management (Pty) Ltd * Hermans and Roman Property Solutions (Pty) Ltd * Oasis Crescent Property Fund Managers Ltd * JHI Retail (Pty) Ltd * Strategic Real Estate Managers (Pty) Ltd * DDP Valuers (Pty) Ltd * Rode and Associates (Pty) Ltd * Cape Value (Pty) Ltd * Appraisal Corporation CC * Mills Fitchet (Gauteng) CC * Broll Valuation and Advisory Services (Pty) Ltd * Corporate Valuations CC * S A Appraisers and Valuers CC * Mills Fitchet (East Coast) CC * Mills Fitchet (KZN) CC * Mills Fitchet (Natal) (Pty) Ltd * Mills Fitchet (PWV) (Pty) Ltd * Mills Fitchet Valuations (Pty) Ltd * Magnus Penny Associates CC * Mills Fitchet Africa (Pty) Ltd * Spectrum Valuations and Asset Solutions (Pty) Ltd * Intelligent Debt Management (Pty) Ltd * Ooba (Pty) Ltd * BetterLife Group Ltd * MultiNET Home Loans (Pty) LtdFor more information about this report visit https://www.researchandmarkets.com/r/3s705qResearch and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager firstname.lastname@example.org For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Mike Tindall and Zara Phillips first lived in Cheltenham before they moved into Princess Anne's Gatcombe Park in 2013. The couple announced their engagement on the grounds of the property, named Hallery House, in December 2010, but the home remained private otherwise. Then, the home went up for sale by its new owners (who bought the property from Mike and Zara for £1.2million in 2013) for £1.69million in 2017, and the photos included an entire interiors tour. SEE: Mike Tindall tells the story of meeting the royals ahead of wedding with ZaraLoading the player...WATCH: Mike Tindall shares glimpse of garden at Gatcombe Park estate The buildingThe townhouse is listed as a Grade II property, set over four floors with almost 5,000 square feet of space. Nick Chivers of Knight Frank who listed the property told the Daily Mail, "The Tindalls weren't here that long but they refurbished it to what it is now. The current owners bought it from them and have gone on to improve it further by building a double garage which completes the package. The house is detached, which is pretty rare for townhouses in Cheltenham, and there's lots of great amenities close by. The basement could be used as a separate self-contained apartment, so it's a massively flexible property." MORE: Princess Anne reveals unseen room inside home at Gatcombe Park The living roomThe stunning living room has triple floor to ceiling sash windows, intricate ceiling mouldings and a large wood burner in the centre of the room. Mike and Zara had also furnished the space with a unique coffee table made from pebbles and a glass top, sitting on top of a cowhide rug. The bedroomInside, the home has a spacious master bedroom, as well as six additional bedrooms. The master suite has three enormous bay windows with sash shutters, and is decorated with cream walls and wooden floors. Nick Chivers of Knight Frank added that Mike and Zara had designed the property to look exactly how it did at the time. "The Tindalls did a great job of making it look very beautiful," he said.RELATED: 7 royal bedrooms that reveal more of their owners than ever beforeAnother bedroom in the home follows the same muted colour scheme, with a wooden bed frame and a cream chest of drawers painted with a floral design. The kitchenAccording to the home's former listing, the kitchen was a major selling-point. There is a "large island with polished concrete worktops and appliances by Gaggenau and Fisher Paykel. The kitchen opens to the adjacent dining room and both have views over the garden". The bathroomThe master bathroom upstairs features grey marble tiles, light grey walls, an enormous rainfall shower and a freestanding white bathtub. Mike and Zara also had their very own his and hers sinks. The gymMike and Zara's former property also boasts its very own home gym and a large jacuzzi. The cinemaThe Tindalls had their very own home cinema, with a large flatscreen projector screen, and a comfortable brown L-shaped sofa. The hallwayMike and Zara had a spiral staircase with a white wooden bannister, white stairs and a cream and brown stair runner.Make sure you never miss a ROYAL story! Sign up to our newsletter to get all of our celebrity, royal and lifestyle news delivered directly to your inbox.
They say that you should never skimp on quality when it comes to shopping for two things: a mattress or shoes. Because you’ll probably spend your life in one or the other.The average Joe or Jane can expect to spend 229,961 hours in bed; or to put it less numerically eyebrow-raising, one third of their life.
The working from home trend may be popular, but companies still want London offices, wealth manager St James’s Place showed as it signed for a new base.The FTSE 100 firm has agreed to take nearly 19,000 square feet of space at 116 Brompton Road, a recently refurbished property. A hedge fund, which was not named, is also taking 8267 square feet at APML Estate’s building.
Labour is calling on chancellor Rishi Sunak to reverse a £1.3bn “bung” to second homeowners and landlords which could save them £15,000 when buying a holiday home or buy-to-let property.The party’s shadow housing secretary Thangam Debbonaire said that cash from the move — which was not mentioned in Mr Sunak’s emergency financial statement to the Commons on Wednesday — would be enough to fill the immediate gap in funding for local councils reeling from the impact of lost revenues and extra demands because of the pandemic.
Would-be first-time buyers who live in areas with expensive property prices will be among the biggest winners of the Government’s stamp duty break. New rules announced by Chancellor Rishi Sunak mean that all buyers in England and Northern Ireland will pay less stamp duty when they purchase a home. Those buying residential properties worth £500,000 or under have been exempted from the tax entirely. The changes will apply until March 31 2021 and are intended to rejuvenate the stagnant property market. Previously, first-time buyers did not have to pay stamp duty when they purchased homes worth up to £300,000, and were offered reduced rates on purchases up to £500,000. While most people typically spend less than £500,000 on their first home, those living in expensive areas of the country, such as London and the South East, are often forced to pay above this amount to purchase in their local area.
A number of estate agent businesses have reported a high volume of calls and jump in website traffic, after would-be buyers heard about a new stamp duty holiday.Chancellor Rishi Sunak yesterday announced a suspension of stamp duty on property sales of up to £500,000 until March 2021.
First-time buyers could lose a crucial edge in the housing market after Rishi Sunak’s stamp duty cut boosted the hand of landlords and homeowners seeking to move up the ladder, the Institute for Fiscal Studies (IFS) has warned. The tax break on properties worth up to £500,000 applies to all buyers - overriding a perk which allowed first-timers to pay lower rates than everyone else. The think tank warned that there will be more competition as result, pushing up prices and ultimately giving sellers the biggest boost. Helen Miller, of the IFS, said: “When there is a tax break it can lead to the price of houses going up, so sellers can benefit. “When the break was just for first-time buyers, it was more likely they would retain some of that benefit. Now it is across the whole market, it is more likely that prices will rise so first time buyers could be left keeping less of the discount that they normally have.” However the IFS still praised the move and said it would boost the economy by powering up activity in the property market.
The right pan really does make all the difference. Whether you’re wanting to slow cook, grill fast, griddle to get that seared colour on your meats or sweat down some onions, a good pan should help you achieve the results you want without too much sticking or burning.Cast iron pans and casseroles are solid and enduring - the kind of pans to use daily and keep for life. They’re good for stews, casseroles, chillies and curries, ideal both on the hob and in the oven, and many are stylish enough to go straight to the table too. All this means that they can also be especially expensive, so it’s definitely worth considering which style, size and price point suits you best. We have tried and tested a selection of some of the best on the market across the spectrum to help inform your decision.