Buy to let landlords could benefit from a cut in VAT on repairs and maintenance if Chancellor George Osborne heeds a plea to boost the struggling building sector.
Property organisation the Royal Institution of Chartered Surveyors wants him to slash the rate of VAT on costs of supplies and labour for refurbishing homes. Continue reading Chancellor urged to cut VAT on building work in Budget
Retailers are shutting up shop in Britain’s high streets and many of the doors may never open again for trading. New data shows town centre business rates for shops are surging, with shopping ‘black spots’ in the north and midlands. Continue reading Retailers closing up shop on Britain’s high streets
Home sales slipped to the lowest level for 18 months as estate agents reported a poor month of trading.
Fewer sellers put their homes on the market while buyers are holding off because of worries about rising interest rates. Continue reading Homes sales have slowed again, say estate agents
Capital allowances, particularly on property acquisitions, are often unclaimed or under claimed because of the difficulty in identifying and valuing qualifying expenditure or simply knowing what allowances can be claimed.
It is estimated that more than 90% of Capital Allowances are not fully claimed. Continue reading Commercial property owners are missing out on massive tax breaks
Letting agents expect buy to let rents to keep edging higher as more tenants snap up the few available rental properties.
Four out of 10 letting agents reported seeing an increase in rents over the quarter ending October 31, according to the Royal Institute of Chartered Surveyors (RICS) residential lettings survey – while some (27%) reported a fall. Continue reading Rents set to keep on rising, say letting agents
Property investors may find the next few months an ideal time to buy reasonably priced property as buyer confidence slips to an 18-month low.
Estate agents and surveyors are reporting buyers are saying they will put off any purchase decisions until the spring – which leaves sellers with little option other than to accept a reduced price if they have to sell. Continue reading It’s a buyer’s market for landlords with cash to invest
Offices are standing empty across the country as the bleak economic outlook forces firms to put plans for expansion on hold.
Demand for commercial property is declining across the board – but offices are seeing the biggest falls.
Commercial letting agents say call for office space suffered worst in the last quarter, ending September 30, with 23% reporting more availability, according to the latest commercial survey by the Royal Institute of Chartered Surveyors (RICS). Continue reading Offices stand empty as firms block expansion plans
House price surveys are nonsense – and do not offer anything other than an indication of the value of a non-existent ‘average’ home.
Deciding which survey to trust is easy – none of them.
Depending on your loyalty, according to the Halifax and economists Academetrics, the average house price for September floats somewhere between £162,096 and £223,965 – a significant difference if you are trying to fix a figure for buying or selling. Continue reading Don’t let house price surveys build up your hopes. Deciding which house price survey to trust is easy – none of them
The latest house price surveys confirm what everyone already knows – house prices are stuck in a rut and mortgage finance is drying up.
The latest house price figures released by the Communities and Local Government Department show prices were still 8.3% up for August 2010 compared with August the year before. Continue reading House prices still up 8.3% on last year despite slowdown.
Ministers may consider including residential investment property in self-invested pension schemes (SIPPS) that would lead to a major pension industry shake-up for buy to let landlords.
Representatives of the Royal Institute of Chartered Surveyors (RICS) have met with HM Treasury to discuss the change. Continue reading The Money Centre reports on how SIPPS pension rule changes may allow buy to let homes