England property market

England Loses £900 Million Annually as Property Sales Collapse Before Completion

England Loses £900 Million Annually as Property Sales Collapse Before Completion

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England’s economy is losing more than £900 million annually due to residential property transactions collapsing before completion, according to new analysis from Rightmove. The property portal estimates that nearly £392 million in potential estate agency income and £515 million in stamp duty were lost last year from sales that fell through and did not return

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£2 Million+ Homes at Risk of £15,000 Annual Tax Bill Under New Plans

£2 Million+ Homes at Risk of £15,000 Annual Tax Bill Under New Plans

News /

Thousands of second-home owners could see council tax bills soar to around £13,700 a year under Chancellor Rachel Reeves’s proposed mansion tax. Research by estate agency Hamptons suggests that over 3,300 second homes could be directly affected. The surcharge will target properties valued at more than £2 million, while the government estimates around 100,000 of

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