March 21, 2024
Property buying agency Black Brick has set up a new arm covering locations across the West Country. The Mayfair-based firm’s new country and coast department, launched to coincide with this year’s spring market, will be overseen by two new recruits – both of whom will be based out in the field.
March 6, 2024
There were hopes that the Spring Budget 2024 could bring new schemes to help first-time buyers and surprising tax cuts. Chancellor Jeremy Hunt promised that “building homes for young people” is a priority in his speech. But anyone hoping for the much trailed 99 per cent mortgage scheme, stamp duty relief for downsizers, or a Lifetime ISA penalty repeal to help London’s first-time buyers will go home empty handed.
The property industry seems underwhelmed by this year’s Spring Budget. Chancellor Jeremy Hunt set out a suite of tax tweaks and spending pledges, but stopped short of pulling any blockbuster moves.
March 4, 2024
London building restrictions are making sprawling single-story luxury apartments harder to find even as their appeal skyrockets—presenting a situation that nearly promises buyers of such units future financial upside.
February 28, 2024
Jeremy Hunt is preparing the next big outing for HM Treasury’s red box, limbering-up to make a suite of tax and fiscal policy announcements next week. His speech on 6th March will very likely be the last big Budget address before the next General Election – which means the Chancellor is more likely to pedal vote-garnering tax-cutting policies than in a less politically-charged year.
February 5, 2024
Nothing is certain except death and taxes,” Benjamin Franklin, the US founding father, once said. Labour may be ahead in the polls but the outcome of the general election remains uncertain.
January 25, 2024
Echoing other reports from across Prime Central London, buying agency Black Brick has reported its busiest January to date, with a flurry of deals and a book of clients with budgets ranging up to £25mn.
January 24, 2024
A staggering 71 per cent of buyers in prime central London chose to buy property using cash this year, according to research by the estate agency Savills.
January 16, 2024
Bargain-hunting home buyers have caused a spike in “gazundering”, a tactic when a buyer makes a lower offer at the eleventh hour to force the seller to cut a property’s price.
January 15, 2024
Falling mortgage rates push up demand but it remains a buyers’ market. Buyers negotiated discounts on 50 per cent of properties sold in 2023. Sellers of UK residential property are expected to rein in lofty price expectations this year as buyers remain cautious despite falling mortgage rates, according to agents and housing market experts.
January 3, 2024
Prime buying agency Black Brick has seen cash buyers double this year. Data from the buying agent shows 66% of clients have bought with cash this year, compared with 34% in 2022.
December 21, 2023
The property and interiors trends we will be taking into 2024, and the ones we will leave firmly behind us.
December 7, 2023
Sellers in London and the South East are being forced to accept offers of an average of £25,000 below their asking price, according to Zoopla’s latest House Price Index.
November 23, 2023
Mayfair-based Black Brick has sourced 23 properties on behalf of its clients this year, including two "rare treasures" in Chelsea and Knightsbridge - and an apartment overlooking the Eiffel Tower in Paris.
November 7, 2023
Minutes from Parliament at Westminster, 9 Millbank used to be the headquarters of Imperial Chemical Industries, formerly the largest manufacturer in Britain, which once made products such as the acrylic plastic Perspex.
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