Helen Ozolins
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Scotland’s property market remains subdued
Property transactions in Scotland continued to fall in July, the Royal Institution of Chartered Surveyors’ UK residential market survey showed.
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Read this morning’s papers: Stamp duty cut urged/Homebuilders charging help-to-buy premium
Round-up of today’s top property stories with quick links to the nationals.
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Hammond urged to cut stamp duty in budget
Chancellor Philip Hammond is being urged to use his budget this autumn to cut stamp duty, described by critics as a tax on moving.
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Homebuilders charging help-to-buy premium
Homebuilders have been charging an up to 5% premium on help-to-buy properties, according to analysis by Stockdale Securities.
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Bellway’s housing revenue likely 13% higher
Bellway’s housing revenue is estimated to have risen by more than 13% in the year ended 31 July, to £2.5bn.
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IWG’s expansion weighs on profit
Serviced office operator IWG saw pretax profit fall 4% to £80.8m in the first half of the year as capital expenditure doubled to £180m.
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IHG focuses on expansion
Intercontinental Hotels Group will turn its focus to expanding the business more quickly, by buying and launching new brands, chief executive Keith Barr said.
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Sales rise at Pets at Home
Pets at Home reported a 5% rise in sales to £257m in the three months to the end of July, as the number of dog visits to its Groom Rooms…
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Future of small family farms under threat
Small family farms could soon become a thing of the past, according to a report by the Campaign to Protect Rural England.
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New Look reports lower sales, profit
Sales at New Look fell 4.4% on the year to £338.7m in the three months ended 24 June, while like-for-like sales dropped 7.5%.
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Blackstone takes 51% stake in Banco Popular’s property portfolio
Blackstone has agreed the purchase of a majority stake in rescued Spanish lender Banco Popular’s property portfolio.
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Read this morning’s papers: Countryside Properties buys back some freeholds/House price growth at four-year low
Round-up of today’s top property stories with quick links to the nationals.