Central Glasgow ibis sold to international group
An ibis hotel has been sold to an international hotel group for approximately £7.5 million. The 101-bedroom hotel, located on Miller Street in Glasgow city centre, was developed by Maven…
Campaign launches to introduce voluntary Future Homes Standard
Construction veteran Steff Wright has called for the government to roll out a voluntary Future Homes Standard (FHS) and incentivise its uptake via targeted stamp duty relief. This would work…
Autumn Budget: Mansion Tax unveiled by stealth
The government has introduced a tax on properties worth over £2 million, though it will come in the form of ‘council tax surcharge’. The surcharge will be £2,500 for a…
Autumn Budget: Tax on rental income to increase
Property income taxes will rise by 2% from April 2027, bringing the rate to 22%, 42% and 47% for basic, higher and additional rate taxpayers respectively. Reaction William Reeve, chief…
Planning permission granted for 428 new homes in Darlington
Housebuilder Bellway will build 428 homes in the first phase of a new neighbourhood in the West End of Darlington. The Bellway development will be called Baydale Village and include…
109 residential units purchased in Cambridge for £40m
Invesco Real Estate has committed to acquire a 109-unit residential asset within Cambridge’s Marleigh Park masterplan for £40 million. There are two residential buildings still under construction. The first, totalling…
More landlords turning to semi-commercial
More landlords are investing in semi-commercial property, suggesting many are turning away from residential in search of better returns. Applications with Shawbrook Bank increased by 58% in the first half…
‘Chancellor has backed herself into raising property taxes’
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Aldermore calls for stamp duty holiday
Buyers of homes under £500,000 should be given an 18-month stamp duty holiday to stimulate sales and investment, Aldermore has urged ahead of Wednesday’s Autumn Budget. There was previously a…
Overseas property buyers cautious amid economic and political uncertainty
Recent policy changes and economic shifts are having an impact on international property investors looking at UK-based assets, according to UK brokers. Butterfield in the UK commissioned market research firm…