budget
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Regulation & Law
MARKET: Late Autumn budget date to prolong tax speculation damage
Budget date has now been set, but its late timing has led to warnings that the extended uncertainty will drive up rents and accelerate landlord exodus.
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Housing Market
Spring Statement: Chancellor claims Government ‘within touching distance’ of homes target
Rachel Reeves told MPs Labour is set to build 1.3 million new homes in the next few years at a rate of 305,000 every 12 months.
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Latest property news
Spring Budget date revealed as agents call for more support
Jeremy Hunt has prepared the way for his final chance to woo voters with tax breaks including, Propertymark has said, hopefully support for the sales market and landlords.
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Latest property news
Foxtons’ lettings strategy keeps agents on their toes and Group on target
In a third quarter trading update to the City Foxtons reported lettings revenue was up 8% to £31.6 million and up 18% year-to-date to £81.3 million.
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Latest property news
Agents braced for more change as Autumn Budget date revealed
Chancellor Jeremy Hunt says that the OBR has been commissioned to prepare an economic and fiscal forecast after last year’s Mini-Budget.
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Adam Walker
Was the acquisition of Acorn by LRG a good deal?
Leaders Romans Group, a mighty oak indeed, recently acquired Acorn. Adam Walker considers whether the deal was a good move.
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Latest property news
Landlords and estate agents face even longer wait to evict tenants
The Law Society says last week’s Budget effectively resulted in a cut to justice spending which will delay court proceedings even further.
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Latest property news
The Budget 2016
A mixed bag for the residential property market, with no cuddly Easter rabbits coming out of Mr Osborne’s hat and a nasty shock for larger property investors.
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Housing Market
Significant increase in new housing consents
There has been a sharp rise in the number of housing permissions by local authorities in the last year, according to new data published by the Home Builders’ Federation (HBF) and Glenigan. The latest HBF/Glenigan Housing Pipeline report reveals that permissions in principle for over 195,000 new homes in England were granted in 2014, up 12 per cent on the previous year and 39 per cent on 2012. The volume of permissions for private homes was up 23 per cent. Over the past 18 months, house building activity has increased significantly, with figures released last month showing the number of new homes started in 2014 was up 36 per cent on 2012. As demand for new homes continues to increase, due to improved consumer confidence and the Help to Buy equity loan scheme, existing housing sites are getting built out quicker, and so builders are looking to get on to more new sites more quickly than before, the report said. “Over the past 18 months, demand for new homes, largely driven by the Help to Buy equity loan scheme has increased markedly,” said Stewart Baseley (left), Executive Chairman of the HBF. “Housebuilders have responded by significantly increasing house building activity.”…
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