Islington’s war on foreign investors will do nothing to solve the housing crisis ISLINGTON Council has just declared war on overseas investors. It has even coined a catchy little phrase, “buy-to-leave” investors, citing them as the cause of new homes standing empty. Under new proposals, under consultation until 30 January, owners of new builds will be unable to leave their homes empty for longer than three months or [...]
Autumn Statement 2014: George Osborne’s stamp duty reform is a smack in the face for London – and hard-working strivers Midnight, 3 December 2014 is a date to celebrate for UK home buyers. Anyone purchasing a property worth less than £937,500 is now paying less tax. The chancellor’s move to scrap the invidious slab-style stamp duty land tax (SDLT) regime, introduced by Labour in 2000, and to transform it into a graduated tax, is a [...]