Inflation Figures released for March 2010.

The Consumer Prices Index, which is used by the government to measure the annual inflation rate, rose to 3.4% last month (March). It was 3% in February. The increased price of petrol and diesel, and the knock-on effects of this on other sectors, is blamed for the increase. Also, the bad weather in January forced the price of certain produce up, as some vegetables became more scarce as a result.

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Source: Office for National Statistics 20/4/10

Election uncertainty over ?

So the election has been called and some uncertainty for the economy and the property market may soon be over.  We will know which collection of politicians forms the next government after May 06th.  How will their individual policies affect the property market?

Confidence in property house prices, property sales volumes, property valuations, building surveys and the legal changes proposed could all be affected by the outcome. 

A detailed analysis will be made on a party by party approach over the coming weeks and posted in the propertysurveying.co.uk newsletter archive.

06th April, 2010

The Devil is in the Detail. Budget Comment Property Summary

The Chancellor’s last budget before the election has indicated that the Finance Bill will affect few areas of the property market.

The property headline grabber is that First Time Buyers will be relieved of paying stamp duty at levels up to £250,000.

This appears to only benefit First Time buyers.  How does the Chancellor define a First Time Buyer ?

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TORIES SET TO RESTORE HOLIDAY LETTING HOME TAX BREAK

David Cameron, Conservative party leader, and George Osborne, the Shadow Chancellor, have pledged to reverse a £20m tax raid on holiday homes proposed by the Treasury if they win the forthcoming election.  The plans, which were announced in last year’s Budget by the Treasury, are set to bring in approximately £20m in taxes in the next year and are due to take effect next month.  To read more click here.