It has been an historic week for UK politics as MPs voted on two significant and divisive issues which set the tone for the property market in 2019.
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After evading the red book for a year, yesterday’s Budget announcement from chancellor Philip Hammond marked the return of Stamp Duty to the headlines once more, as he removed the tax for thousands of first-time buyers across the country.
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First time buyers received a boost from Chancellor Philip Hammond today, as they will now be exempt from Stamp Duty Land Tax (SDLT) on property purchases under £300,000.
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The Chancellor Philip Hammond is due to announce the first ever Autumn Budget later this afternoon, and it is anticipated that there will not be many major changes.
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In his first fiscal announcement, newly appointed Chancellor of Exchequer, Philip Hammond, highlighted the government’s spending plans and shared further insight on the state of the economy post-Brexit.
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In the wake of their latest trading update, which indicates a boost in sales for the company for H1 2016, housebuilders Persimmon stand optimistic in the face of current market concerns post-Brexit vote.
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An index measuring house price change across 20 UK cities has found that a surge in investment boosted the housing market of regional cities, which saw the greatest growth in home values over the last quarter.
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A new review has been released today advocating the Northern Powerhouse to implement ‘radical changes’ to improve the region’s economy and help create 1.5 million jobs by 2050.
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One of England’s most respected fund managers, Niall Woodford, urged investors to overlook the initial short-term fears that are hitting the market post-Brexit and to focus on the long-term gains that can result from Brexit.
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