Top Residential Sales: Q1-2017

20 The Vale, SW3 6AQ Chelsea || £24,200,000 || 7,962sqft || £3039psf The most expensive residential transaction of the year so far has been for a five story detached house, which was sold off-market for £24.2m in February. The red brick corner property was built between 1894 and 1916, and features a single-storey extension to the rear of […]

UK Residential Mortgage Lending & Home Sales: The Last Ten Years

There has historically been a close link between Mortgage approvals and Home Sales in the United Kingdom, with both peaking in January 2006 at 146,854 and 153,465 respectively – and both reaching their low points in January 2009 at 21,466 and 32,752. In 2005 and 2006, mortgage approvals totalled 94.1% and 90.2% of home sales, […]

It Is Getting Harder For First Time Buyers

Mortgage lending fell sharply in July, fuelling concerns that Britain’s banks are turning away first time buyers and preventing a recovery in the property market. According to Bank of England figures net lending fell sharply from June’s £518m to £86m, the fourth-lowest monthly lending figure since records began in 1993. However this may lead to […]

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 […]

The Ruler Of Qatar To Appear In The Upcoming Court Case Involving Chelsea Barracks And The Candy Brothers.

The case of CPC Group against their former partners, Qatari Diar, has taken a dramatic turn, as the court urges Sheikh Hamad Bin Khalifa Al-Thani, who is the emirate’s ruler and chairman of Chelsea Barracks owner Qatari Diar to testify or the application at the centre of the case will be withdrawn. Judge Peter Smith […]

Colliers Report Huge Losses, but Remain Optimistic

Colliers CRE quadrupled its pre-tax losses to £40 million in the year to December 2009. This was attributed partly to a 26% fall in revenue last year to £57.9 million and also because of a £24.1 million write down in goodwill on its UK business. Colliers chairman Sir John Ritblat said “with our significantly reduced […]

Stamp Duty Cut Is Useless

The recent stamp duty break introduced by the government was supposed to get more budding first-time buyers into the market, but not everyone believes it is actually working. It fundamentally comes down to finance and not Stamp Duty.  According to Andrew Teacher of the British Property Federation, “if you can’t get hold of a mortgage, […]

House Prices Fall in February for the First Time in Ten Months

After a snow filled January that bought much of the country and with it the economy to a standstill, house prices fell 1% in February after nine consecutive months of price rises. The British Bankers’ Association reported that the number of mortgages approved for house purchases fell to an eight-month low last month. But, how […]

House Prices Continued To Shine in January But The Inflation Cloud Is Gathering

House prices Continued To Shine in January But The Inflation Cloud Is Gathering                          House prices rose by 1.2% in January and are up 8.6% year-on-year                         Recent economic data has been a mixed bag for the housing market                         Inflation uncertainties highlight interest rate risk Headlines January 2010 Monthly change 1.2% Annual change 8.6% […]