Richard Carr on how the ‘Brexit effect’ could be evening out house prices

There’s no denying that Brexit has been a divisive issue since the referendum vote of June 2016. And while we don’t formally leave the EU until March 2019, there have been various effects on the economy and, of course, property.

While the initial burst of doom and gloom predictions surrounding the economy didn’t come to fruition, there has been a surge of interest in property around the UK which has boosted regional areas. Continue reading

Richard Carr discusses changes to National Planning Policy Framework

Last week the Prime Minister announced a major overhaul to the planning framework in the UK, in a bid to deliver the number of homes we need.

The reforms focus on maximising land use, strengthening protection for Green Belt land and putting more emphasis on turning planning permissions into actual homes. Continue reading

How developers are funding local infrastructure projects

Fortitudo Property has generated in excess of £5 MIllion as part of the Community Infrastructure Levy in Poole (CIL). And part of this goes towards the CIL Neighbourhood Portion fund that is earmarked specifically for local infrastructure projects to improve facilities including local open spaces and plan, transport, health, education and more. Continue reading

How the south coast property market is changing

Showing yet again that the property market is withstanding the economic uncertainty surrounding the Brexit negotiations, the student housing market in particular is booming.

JLL (corporate investment property experts) predict that the student housing market will account for £1 in every single £10 invested in commercial property by the end of the year. Continue reading

Should the UK abolish Stamp Duty Land Tax?

A new report from the Adam Smith Institute lays out compelling reasons for the abolishment of the Stamp Duty Land Tax (SDLT) in the UK.

There are arguments to support the idea that stamp duty on the sale of property is jamming the housing market, forcing people to stay in houses that are too large for them, and preventing people from moving areas to access the jobs they need. The report states that stamp duty is the most damaging tax in the UK, and that the Chancellor should have scrapping it at the top of the agenda in the run up to November’s budget. Continue reading