Strategy and Management Consultants

SUPPORTING ENTREPRENEURS AND S.m.e.'s

Strategy and Management Consultants

SUPPORTING ENTREPRENEURS AND S.m.e.'s

Property Consulting

Property Consulting

Business Owners: If you transferred property into a pension scheme you may be owed a stamp duty fund!

If properties have been transferred into Sipps or SSAs then exempted of stamp duty may be applied. However, it is only applied if the property is jointly owned by various parties. Many pension trustees and advisers were not made aware and on average people have wrongly been made to pay approximately £50,000. The pension scheme the asset is being sold to must also be in the name of the same partners, or people connected to them. Stamp duty is due on such transfers apart from in very specific and limited circumstances. Each case needs to be considered on its own merits. ___

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Property Consulting

Property listing rules: Lawyer involvement encouraged

There has been new legislations enforced on the information that should be included in property listings, this would promote sellers to request lawyer aid earlier in the process. All properties listed, from the end of May, in the first of a 3 stage process will have to include the property's council tax band, council tax rate, the property price and tenure information. In the next two stages the sellers will have to declare restrictive covenants, flood risk and other specific factors which could impact the property due to it's environment. These new data fields will start

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Property Consulting

Property market picking up the pace once more!

The demand for properties is picking back up and has been increasing exponentially in February. This meant that in January, half of all properties where sales were agreed were snapped up within three weeks of coming to the market, compared to a third of homes during the same period in 2021. However as the demand is currently greater than supply the house prices have now hiked by by nearly 8% which is a rise on average, of about £80,000. The sheer level of activity in the market in recent years eroded the stock of homes for sale. Rise in new supply indicates green shoots of

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Property Consulting

Property owners earning more from properties than homes:

From the soaring values of properties, due to inflation, a survey conducted suggests property investment is the way to go. The average price of a house in February alone rose by 0.5 percent. That represents an annual rate of growth of 10.8 per cent, the fastest since June 2007.Lack of supply continues to underpin rising house prices, with recent industry surveys showing a dearth of new properties being listed, now a long-term trend. The war in Ukraine was likely to have effects on confidence, trade and global supply chains, and surging oil and gas prices would “add to the

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Property Consulting

Russian Elites losing their properties to the Ukrainian refugees, says Raab

Dominic Raab, the deputy prime minister of England, has suggested that the properties of the Russian Elites could be seized and hand over to Ukrainian refugees. This was following Moscow's invasion of Ukraine. The UK’s strategy appears to be based on trying to cause the whole Russian economy pain, which is why it has focused more on banking, state institutions and companies than individuals so far. The UK government has faced criticism for being too slow in its approach to implementing sanctions against Russian figures and linked assets. ___________________ Do yo

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Property Consulting

Pandemic property boom: House prices up by 20%

In the past years, the pandemic has increased the house prices by nearly £30,000 and on average in the past 2 years by 20%. The inflation rate climbed to 12.6% in February. This has created a fresh affordability crisis in the UK’s property market, driving the cost of a home relative to wages up from already elevated levels to the highs seen just before the financial crisis. An acute shortage of homes being listed for sale is said to be behind the price increases, as this increases competition for those which do become available.  _________________ Do you believe there sh

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Property Consulting

Boris Johnson: Legislation imposed to expose dirty money in UK property

UK's property market is being ruled with a new legislation to reduce the amount of dirty money in order to push out the wealth of Russia's government and overseas owners of properties who have not revealed their true identities. The Conservatives first committed to introducing a Register of Overseas Entities Bill six years ago but there has been little action since a government consultation closed in 2018. The domestic measures focusing on illicit finance in the UK follow a number of sanctions on Russian banks, airlines, oligarchs and more than 100 entities associated with

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Property Consulting

Rising interest rates and house prices are leading to downward spiral of property sales:

As there has been a hike up in interest rates, cost of living and house prices, new home buyers and and the younger generation will find moving onto the property ladder extremely difficult. This is because affordability is rapidly decreasing and even one in five current homeowners saying that their mortgages will soon become unaffordable. A key is the Bank of England increasing the base rate from 0.1 per cent to 0.25 per cent at the close of 2021, it is predicted to be 1 percent by the middle of March 2022. The house prices as calculated in January 2022, have increased by

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Property Consulting

U.K property market taking a hit as house sales fall:

The house sales in January 2022 have fallen by 10% compared to January 2021. Although, the number of transactions are 5.1% higher than that of December 2021. This is due to a temporary stamp duty holiday being put in place last year ending at the start of October 2021. This meant more transactions took place last year and those which possibly would have been in 2022 occurred, in order to make the most out of their tax savings. Furthermore, large property companies have reported that house asking prices have inclined by the biggest amount in 20 years. __________________ D

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Property Consulting

£37.7 million postcode property price gap

When it comes to the most and the least expensive properties there is millions of pounds difference at stake. This was calculated through data of sale prices of property across England and Wales. This is because the property estimated value is calculated as an average for the postcode but does not take into account the individual unique features. The issue with this is that properties with extremely high prices stagnate on the market for ages on end. ______________ Which postcode do you think is the most expensive, and the least?

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