Months of “frenzied buyer activity” have driven the
average asking price for a home in Britain to a new high, according to the
property website Rightmove. The property portal said it expected figures to
show that June was the busiest month on record for sales, with buyers rushing
to complete before stamp duty rules change in parts of the United Kingdom. On
30 June, a temporary tax break on the first £500,000 of the cost of a
residential property in England and Northern Ireland began to be phased out,
with the threshold cut to £250,000. Wales ended its temporary tax break
entirely, while Scotland’s had finished at the end of March. Read more on the
Guardian website.
England’s housing courts at breaking point as renters battle no-fault
evictions
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Courts said to be ‘overloaded’ as landlords sell properties and tenants
with nowhere to go try to delay evictions
It is a Wednesday afternoon at Stratfor...
2 weeks ago
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