Despite dire warnings from some estate agents that stamp duty receipts for the government would plummet in London, it now appears that the SDLT income rose 11 per cent in the capital during 2015-16 according to the latest official figures.
Speculation was rife over the weekend that the government would today announce major changes to housing policy - possibly shifting the emphasis from David Cameronâ€™s affection for home ownership to accepting substantial growth in the private rental sector.
â€¢Asking prices of property coming to market cut by 2.9% (-Â£7,758), the biggest fall Rightmove has ever recorded in August â€¢Holiday distractions a key driver, though drop more pronounced than usual and exacerbated by 5.9% fall in London â€“ the third consecutive monthly fall in the capital
Figures published by the Council of Mortgage Lenders (CML) has revealed that more than one quarter of the countryâ€™s mortgage lending is now centred in this area. Home movers living in the London area are more active than home movers in other parts of the UK.
Robin King, Director, Move with Us, the residential property group, shares his views on what's in store for the property market in 2014.
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