West End’s Latest Icon Is Selling Fast
Central St Giles is the first residential scheme in the UK by the Italian architect Renzo Piano and it consists of 100 apartments, as well as offices and a selection of restaurants, cafés and delis ranged around a piazza. Not only is the development an architectural landmark, but it is also a sign of the […]
Increase In Capital Gains Tax Not As Serious As We Thought?
The announcement of new coalition government’s plans to increase CGT to 40% from 18% came as a shock to the property industry. However, Chris Cobbold, head of the housing practice at DTZ, said that companies will be able to tackle the impact of the government’s plan to double capital gains tax so the effect will […]
The End Of HIP's
The newly formed coalition between the Lib Dem and the Conservative Party followed a long-held pledge of the latter to remove the requirement for homeowners in England and Wales to provide home information packs (HIPs) when selling their homes. Eric Pickles, the Communities secretary and housing minister Grant Shapps announced that they have cancelled HIPs […]
Plans For Stamp Duty Cut Aim To Boost Returns For Private Rented Sector
According to the Property Industry Alliance a potential cut of the stamp duty land tax could increase returns from residential funds by as much as 150 basis points over the next three years. Moreover, the PIA, which also includes organizations such as the RICS and the British Property Federation, believes that currently, the SDLT rules […]
Political Uncertainty Pushes Vendors Back On The Market.
According to the latest survey carried out by the RICS a net balance of 21% of surveyors have witnessed a rise in new instructions in March, compared with a balance of 16% in February. This is largely due to the political uncertainty, which is pushing vendors to market their property before the impending general election.