In the news today, stamp duty should be paid by the sellers. That’s the proposal Yorkshire Building Society plans to put to the government today. It’s hoping the change could be introduced in the autumn statement. That move will help first-time buyers. Further up the scale, house hunters could find bargains in the likes of Knightsbridge – Savills reckons prices there and in other prime central London areas could fall by 9%.
Last night saw the presentation of the Estates Gazette Awards. Read about who won what and get full coverage and pictures of the event: EG Awards 2016: Who are the hottest people in property?
This morning’s property headlines from the national press
Stamp duty should be paid by sellers (The Times/£)
Sellers should be made to pay the stamp duty on a home, rather than buyers, according to the Yorkshire Building Society.
Prime London home prices could fall 9% (The Times/£)
Prime London locations such as Knightsbridge could provide fertile ground for bargain hunters looking for a new home.
First private shared-ownership housing scheme launched (FT/£)
The country’s first private shared-ownership housing scheme has been launched.
Landlords converting homes to Airbnb holiday lets (The Times/£)
Analysis of Airbnb listings indicates some 60,000 properties are now holiday lets after previously being long-term rentals.
New BoE cut could see mortgage rates below 1% (The Guardian/FREE)
A further cut in interest rates by the Bank of England could see fixed rates on mortgages drop below 1% next year.
Apprenticeship levy a mystery for many (The Independent/FREE)
Many businesses have either not heard about the new apprenticeship levy or do not understand it, a survey by the British Chambers of Commerce reveals.
Sports Direct to hold independent review (The Guardian/FREE)
There will be a fully independent review of Sports Direct’s corporate governance and working practices, the company said.
Losses continue for French Connection (The Telegraph/FREE)
French Connection reported an H1 loss of £7.9m, unchanged from the year-earlier period.
Big four improve performance but still lose market share (The Independent/FREE)
The big-four supermarkets have had their best sales figures in over two years, led by an increase in sales of sparkling wines – up a third in the last four weeks according to Kantar Worldpanel.
