Inside Property Website


Upbeat or Downbeat?

May 18, 2017

I recently spent two days at the Property Investor Show, held twice a year at Excel in East London.  Footfall was noticeably lighter that at events in 2016.  I gave two talks and was sat on a panel called ‘The Great Landlord Debate’ about the state of the market and forthcoming regulation.
There’s a lot of sobering data around at the moment.  House prices are falling, rental demand has slowed significantly and rents are falling in many parts of London.  NLA research tells us that 19% of landlords are planning to sell in the [...]


Stamp Duty & Letting Agent Fees

November 28, 2016

The latest data from the Office For Budget Responsibility (OBR) shows that stamp duty is really harming the housing market in London. Recent hikes brought in by George Osborne are reducing transactions and the result is that treasury receipts will be lower. The OBR predicts that the government will collect £66.6bn instead of £76.2bn in stamp duty over the next 5 years. Since the 2014 Autumn statement, residential sales over £925,000 have incurred stamp duty rates of 10% and over £1.5 million this rises to 12%. Residential deals over £1million are down by [...]


Bank Of England Predicts House Price Fall

August 8, 2016

The Bank of England introduced four measures last week aimed at mitigating the negative economic effects of the referendum result.  The headline grabbing cut in the Bank of England base rate from 0.5% to 0.25% is the first since 2009.  This will have a marginal effect on borrowing costs, but the bank is determined that lenders will pass it on and is providing them with £100 billion called ‘term funding’ provided they do pass on the cut to encourage them to lend.  The bank hopes that a reduction in interest rates will encourage [...]


After Brexit

July 31, 2016

At just over five weeks since the EU referendum, the Westminster village has calmed and one or two senior political figures have even gone on holiday.  A long way from the panorama of hourly breaking news headlines and a stream of political shocks.  I’ve just re-read a blog I wrote called ‘The Mess We’re In’ which included comment on the Conservative leadership contest.  By the time [...]


Goodbye EU, Goodbye Scotland

June 24, 2016

I thought I was a lukewarm Remain voter, but today I am gutted.  The most sobering image of the day so far is Nigel Farage declaring a new dawn.  As I walked to my local café in Hackney, the atmosphere is one of shock: our borough returned the second highest vote for Remain in the UK.  Friends in Spain texted me ‘mala noticia’ though one of them is ready to pounce on cheap equities.  The FTSE was down 7% at the start of the day, but it had climbed nearly 10% in [...]