We are regularly featured in both the financial and property press as experts within our industry, these are just a selection of recent articles.
When paying more costs less
It may be stating the obvious to say that residential properties in prime central London (PCL) locations are expensive, but there is evidence to prove that the pace of appreciation is far from consistent. In 2013, for example, property values in W14, the West Kensington area, grew by 15.1 per cent, while in NW1, from Regents Park in the south to Camden in the north, average values rose by a more modest 3.2 per cent.
There are several key components that are driving this diversity, not least the big increases in stamp duty. In March 2010 (effective March 2011), a 5 per cent levy was introduced on properties valued at over £1m, while in March 2012 and with immediate effect, the levy on properties over £2m was lifted to 7 per cent. And those looking to buy a ‘company house’ were hit even harder with a 15 per cent tax.