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We regularly publish property news, market comment and updates on matters affecting residential property.

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Author: P D Young, Managing Director
24th March 2015

From 6th April 2015 we see the introduction of new Capital Gains Tax Rules for Non-Resident UK Property Owners.
Although it has been public knowledge for a while, in just over two weeks' time the Government is introducing new rules whereby non-resident property owners will have to pay Capital Gains Tax when they sell their property in the UK. All Capital Gains will be payable from 6th April 2015 onwards on gains arising after the…  more

Author: Tim Van Der Schyff, Lettings Director
17th March 2015

Since the start of the year we have experienced high demand for rental property across all our offices, across a broad range of prices. This is being driven by the recovery of the economy with an increasing number of new jobs being created in the Capital, especially in the financial sector. According to recruitment firm Astbury Marsden 7,500 new jobs were created in the City In the last quarter of 2014, with many being in investment…  more

Author: P D Young, Managing Director
17th March 2015

January sales activity was unremarkably similar to the last four years. February picked up significantly particularly with the release of the New Year's bonus money, not surprisingly in the sub £2 million market. March is showing greater activity from those in the upper end of the market now accepting the new 12% rate of Stamp Duty Land Tax. The country market is especially busy and has woken up much earlier than normal and seems completely…  more

Author: P D Young, Managing Director
23rd January 2015

Last year was a very successful one for our clients. Having lobbied for years against the ‘slab like’ levels of Stamp Duty Land Tax (SDLT) I am delighted they have been removed. There are however already a number of unintended consequences resulting from the new 10% and 12% Stamp Duty thresholds.
As a result of the substantial increase in transactional costs above £1 million I expect property owners will be reluctant to upgrade their…  more

Author: Tim van der Schyff, Lettings Director
23rd January 2015

In 2014 the Lettings industry grew from strength to strength, proving that renting is no longer seen as a secondary option to buying but as a lifestyle choice which allows tenants greater flexibility.  Last year John D Wood & Co. successfully rented 25% more properties than the previous year, proof that as a business we are more focused than ever on lettings. The importance of the Private Rented Sector is reflected in the Government’s…  more

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