All Cost of living crisis articles – Page 3
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Online
Deadline on stamp duty a ‘really bad idea’, says industry
The industry has slammed the decision in this week’s Autumn Statement to end stamp duty cuts at the end of March 2025.
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Online
Autumn Statement: Chancellor unveils plans for stability, growth, and public services
Chancellor Jeremy Hunt said in his Autumn Statement today that he aimed to restore stability to the economy, protect high-quality public services and build long-term prosperity for the UK.
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News
House prices in home counties rising at a higher rate than in London
Average house prices in the home counties have grown at a higher rate than London’s housing market since 2010, data from investment platform Saxo shows.
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News
Khan in the firing line after rent freeze calls
Property industry not invited to attend mayor of London’s emergency summit
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Online
A rollercoaster year for the UK student housing market
At the start of 2022, the Bank of England base rate was 0.25%, inflation stood at just 5.5% and Matt Hancock was merely a former health secretary in the wilderness of the back benches.
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Insight
Brace for the impact of real austerity
In 1947, as he was about to present his Budget, Labour’s Hugh Dalton, the then chancellor of the exchequer, let slip to an old friend: “No more on tobacco; a penny on beer; something on dogs and pools but not on horses; increase in purchase tax, but only on articles ...
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News
Sadiq Khan steps up calls for London rent freeze
Mayor of London Sadiq Khan called an emergency summit urging the government to freeze rent rates, as it was revealed four out of ten Londoners fear they will struggle to pay rent.
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Online
NAV dips at Landsec as yield shift forces swing to loss
Net asset value at Landsec dipped during the first half of the group’s financial year, despite a rise in earnings.
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Insight
Insulation from the energy crisis
Vincent Bryant, CEO and co-founder of Deepki, discusses the importance of improving energy efficiency across property portfolios if managers are to avoid the worst this winter.
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News
Construction projects facing costly overruns
Analysis of 1,602 projects finds cost and delivery overruns claims totalled £71bn.
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Online
Energy efficiency is a breeze with Glide Labs
Ensuring that buildings perform as efficiently as possible has never been more important.
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Professional
Conveyancers told to brace for worsening economic outlook
CLC tells its members to prepare for slowdown in workloads ahead of expected falls in transaction volumes.
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News
Office occupancy costs at highest ever levels, warns LSH
The energy crisis has forced overall occupancy costs for UK office space to their highest ever levels, according to Lambert Smith Hampton (LSH).
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News
Interest rates reach 3% for first time since 2008
The Bank of England (BoE) has increased the UK interest rate by 0.75% to 3%, a level not seen since November 2008 during the financial crisis.
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Insight
Landlords fear rental overhaul may be harmful to investment
Repeal of Section 21 and other reforms may disincentivise HMO landlords from increasing investment.
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Insight
Will Rishi bring Christmas cheer?
As we head towards the Christmas retail season, the economic headwinds do not look great: inflation in double digits, output falling to the point of recession, the highest tax burden since the war, political instability domestically and conflict in Europe.
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News
Tenant demand at ‘all-time high’ according to survey
Tenant demand reached its second all-time high in 2022, according to a survey conducted by BVA BDRC, the international consumer and business insight consultant, on behalf of Paragon Bank.
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News
Property sector hails Gove’s return
Michael Gove has been heralded as a “vigorous politician” and an “effective agent of change” by mostly enthusiastic property industry heavyweights following his return to the role of housing secretary.
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News
Resi landlords call for help with pressure to hike rents
Residential landlords have demanded government support to protect them and their tenants from interest rate rises, after two reports this week concluded that landlords must raise rents or face properties becoming unmortgageable.
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Insight
Will 2023 offer relief for us all?
Earlier this year, an industry survey reported that only 48% of the specialist lending market thought their cost of origination was likely to increase over the year.