Did you know that 92% of buyers at KFH have paid less Stamp Duty Land Tax since the system was restructured in December 2014? This is just one of the issues we explore in the spring 2015 issue of our Property market analysis, a report which we produce twice a year to delve deeper into Capital’s property market. In this issue, our MD, Lee Watts, discusses the economic forces having an effect on housing and we also investigate the following topics:
Stamp duty reform
In December, the old stamp duty ‘slab’ system was replaced by new rules in which buyers pay stamp duty on the proportion of the property’s sale value within certain thresholds. We look at how the new system is affecting buyers, the majority of whom are making significant savings.
Taxing high value homes
We look at the implications of Labour’s proposed Mansion Tax and discuss how revaluing council tax bands might be a more appropriate solution.
Sales market analysis
We discuss the increase in values across London over the last year and how the return of a more stable market is benefitting buyers and sellers.
Lettings market analysis
With increased demand and a shortage of stock in the lettings market, we explore the effects of competition amongst renters on the market.
Regional market analysis
We investigate in more detail what is happening across our regions in North West and Central London, South West London and South East London.