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Real estate experts foresee a resurgence in Prime Central London (PCL) properties this year, driven by a surge in residential property demand ahead of impending changes to the Stamp Duty Land Tax (SDLT). The current stamp duty holiday, offering tax savings of up to £15,000, concludes on March 31, coinciding with the introduction of a 2 per cent SDLT foreign buyer surcharge on April 1. During this brief window, both domestic and foreign investors have an opportunity to capitalize on the favourable tax environment, leading to expectations of sustained momentum in the real estate market until the new tax incentives

The desire for greener spaces has ignited a significant uptick in home purchases within leafy neighborhoods. Highgate stands out as the top choice, experiencing a remarkable 97% surge in popularity compared to the previous year, as reported by Rightmove. Additionally, both East Sheen and Belvedere have secured positions among the top five preferences for first-time buyers, families, and buy-to-let investors alike. Apart from these coveted locales, Ealing in London Zone 3 and Preston in Lancashire have garnered notable attention from prospective homebuyers. Residing in London Zone 3 offers close proximity to the city’s major attractions while providing a greener environment

Analysts predict prevailing patterns in work and shopping to continue, though rumblings of the “death of the office” likely overstated Results of the recent quarterly commercial property survey by the Royal Institution of Chartered Surveyors (RICS) show a shift in demand towards industrial space and away from traditional office spaces and retail. This trend is buoyed by a boom in online shopping accelerated by the pandemic. Although the British government is ramping up the COVID-19 vaccination programme, restrictions are expected to stay put for the coming months. This means the prevailing patterns in work and shopping will likely remain for

British commercial property dealers are confronting the enduring repercussions of the pandemic and the resultant economic slowdown gripping the country. With economic activity subdued and uncertainty prevailing, these dealers are gearing up for a challenging period ahead. The landscape of commercial real estate is being reshaped by these circumstances, prompting stakeholders to adopt strategic measures to weather the storm. Among the measures being taken, many major players in the industry are focusing on reducing their debts to fortify their financial positions. Recognizing the volatility of the current economic climate, they are taking proactive steps to minimize risks and enhance their

Recent trends in Britain’s property market suggest a departure from the anticipated V-shaped recovery predicted by experts. The looming end of the stamp duty holiday coupled with the ongoing COVID-19 pandemic has cast a shadow of uncertainty over investors’ sentiments. This cautious approach is evident in the latest data from The Royal Institution of Chartered Surveyors, which reports a seven-month low in new buyer inquiries. Despite this, house prices across the country continue to soar, with London being the notable exception, experiencing robust growth. The initial rebound observed in the market was largely attributed to the newfound demand for larger