Construction output in the UK jumped 5.8 per cent in March, more than the double of the country’s GDP growth in the same period, according to the latest data release from the Office for National Statistics (ONS).
New builds increasingly popular in housing boom
Record levels of demand are driving a boom in the UK housing market.
The gradual lifting of lockdown restrictions, the stamp duty holiday, mortgages once again on offer with a five per cent deposit and record low interest rates, held again by the Bank of England last week, has seen a surge in demand.
Save stamp duty tax on ‘mixed purchase’ properties
Buyers who have purchased commercial and residential property in a single or joint transaction, a so-called ‘mixed purchase,’ may be eligible for a refund in stamp duty.
More estates to fall into Inheritance Tax net as threshold is frozen for further five years
Many more estates could attract Inheritance Tax (IHT) after the threshold was frozen for a further five years, experts have warned.
Property giants complete sales deals
One of the biggest property development and investment companies in the UK, British Land, is to sell off its digital property management platform to Equiem, a tenant experience technology group.