Alistair Darling announced as part of the budget that Stamp duty is to be scrapped on homes selling for under £250,000 however only for those buying their first home. Stamp duty however is to be increased to 5% on residential purchases over £1m. These changes will take effect from April 2011.
News & Press
Market Commentary for the RICS Business magazine
March 16, 2010 – 2:15 pm
Huntly Hooper was asked for their views on the London property market over the course of 2010 for an opinions section of the RICS Business magazine out in March. The same commentary can be found on this website.
Quantitative Easing ends. Interest rates remain at 0.5%
February 4, 2010 – 2:33 pm
The Bank of England has halted its Quantitative Easing program after having placed £200bn into the UK economy, though it has not ruled out further asset purchases. They also announced today that they are keeping interest rates the same at 0.5% for the 11th consecutive month.
CEBR revises forecast of growth to 6pc in 2010
February 1, 2010 – 3:27 pm
The Centre for Economics and Business Research has revised its forecasts for British house price growth to 6 percent in 2010. This is revised from growth of between 2pc and 4pc made a month ago. They also expect growth of 20pc between today and 2013.
