The new Prime Minister’s swift decision to rule out abolishing Stamp Duty could help revive buyer activity following a month of political uncertainty, according to Adam Jennings, head of residential at Chestertons. The number of prospective buyers registering across Chestertons’ London-wide network fell by 22% year-on-year to 1,740 in July – the steepest decline since…
The Mansion Tax is coming. Properties valued between £2 million and £5 million will be slapped with annual charges ranging from £2,500 to £7,500. But remember this is in addition to Council Tax which, like a dogged TV Licence inspector, simply refuses to go away. Given the average Council Tax bill is around £4,000, homeowners…
Just when you thought that the cost of living crisis was over, households face a financially crippling cocktail of rising mortgage and energy costs. This bleak outlook is a result of the situation in Iran, which has led to a sharp increase in the cost of oil and gas. These dark shadows are sweeping across…
Trend seen across the UK with the sharpest fall in the capital Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe
The Government has announced nearly £200m a year for England’s newest mayoral regions in a further attempt to revive its 1.5 million homes pledge as planning approvals and new-build numbers plunge. Only two months ago one leading estate agency warned that sales of new homes had reached crisis point. Savills said the last time the…
Nine years after the horrors of the Grenfell Tower fire unfolded, nearly half of the buildings requiring cladding replacement work have still not been tackled. New data shows that work on 2,080 buildings – at 47% – with unsafe cladding has not started or been completed. Out of 4,411 residential buildings – which are 11…
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