County Durham development unveiled – PropertyWire
Plans for a new housing development that will deliver 79 homes in Pelton while increasing biodiversity by at least 10% have been approved by councillors. Housebuilder Bellway is set to…
Brits consider fleeing to Dubai in wake of Autumn Budget
Brits are increasingly dreaming of leaving for Dubai after the Autumn Budget 2025, indicating that some are thinking of leaving the UK in response to the new tax landscape. Research…
House prices fall for the first time in 18 months across southern England
Property prices in London and the South recorded their first fall in 18 months, driven by Budget uncertainty and more homes for sale. House prices have fallen across London (-0.1%),…
Post-Budget bounce in property activity
Property consultancy Knight Frank has experienced a surge in sales activity after the Autumn Budget took place. The firm is observing renewed confidence among some buyers who had previously adopted…
Autumn Budget: Mansion Tax unveiled by stealth
The government has introduced a tax on properties worth over £2 million, though it will come in the form of ‘council tax surcharge’. The surcharge will be £2,500 for a…
Autumn Budget: Tax on rental income to increase
Property income taxes will rise by 2% from April 2027, bringing the rate to 22%, 42% and 47% for basic, higher and additional rate taxpayers respectively. Reaction William Reeve, chief…
OBR: Property taxes to infringe on house price growth
Higher taxes on rental income will cut house price growth according to Office for Budget Responsibility (OBR) – though growth is only predicted to take a 0.1% hit per year.…
Accidental landlords most affected by Budget tax hike
Accidental landlords will be among those most impacted by Chancellor Rachel Reeves’ Budget speech. That is according to David Adams, managing director of leading Cheshire and North Wales estate and…
Commentators relieved Autumn Budget is over
Property professionals are reassured that the Autumn Budget has given the industry some certainty – by not making any seismic changes. The budget saw the planned introduction of a ‘council…
Knight Frank on the Mansion Tax and upward rental pressure
Tom Bill, head of UK residential research at Knight Frank A new tax on homes worth more than £2 million was announced, but there are questions over how much it…