5 Of The Largest Commercial Property Sales of The Year So Far
Rathbone Square £435m || 419,700sqft || 4.25% Yield Rathbone Square, via burofour.com The most expensive sale of 2017 so far saw Great Portland Estates sell the freehold of Rathbone Square in Fitzrovia. The mixed-use development, which is due to complete in March this year, was sold to Rathbone Place Jersey Limited – an entity owned by Gesellschaft […]
Housing White Paper: A Snapshot
On Tuesday the Department for Communities and Local Government unveiled its housing white paper on “Fixing our broken housing market”. Prime Minister Theresa May writes in her foreword that “our broken housing market is one of the greatest barriers to progress in Britain today”, and the 106-page document outlines Government plans to correct this. The paper […]
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 […]
Stamp Duty To Be Blamed For Falling Residential Yields
The combination of rising house prices and falling rents caused the residential yields to fall to their lowest level for 18 months in January. Residential yields fell to 4.75% last month which marked the lowest level since August 2008, according to the latest Buy-to-Let Index from LSL Property Services. Yields had peaked at 5.1% in […]