{"id":11580,"date":"2016-04-28T18:16:47","date_gmt":"2016-04-28T11:16:47","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=11580"},"modified":"2016-04-28T16:29:59","modified_gmt":"2016-04-28T09:29:59","slug":"new-taxes-put-brakes-on-uk-property-price-growth","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-taxes-put-brakes-on-uk-property-price-growth\/","title":{"rendered":"New taxes put brakes on UK property price growth"},"content":{"rendered":"


\nBritish annual house price growth cooled in April after the government introduced extra taxes on purchases of properties for rental and second homes, according to a survey from mortgage lender Nationwide on Thursday.House price growth eased to 4.9 per cent year-on-year from 5.7 per cent in March.On the month, house prices edged up 0.2 per cent. Nationwide said the slowdown followed a surge of activity in March ahead of an April 1 increase in the stamp duty land tax for second home purchases. This was most pronounced in the so-called buy-to-let market for rental homes.”Current increased domestic economic and political uncertainties could also be reining in housing market activity, especially in the run-up to June’s EU referendum,” said Howard Archer, an economist at IHS Global Insight.But Nationwide said strong jobs growth and rising real wages could put increased pressure on house prices in future, given an imbalance between supply and demand.”Moreover, there is a risk that the surge in house purchases in recent months will exacerbate the shortage of homes on the market,” Nationwide chief economist Robert Gardner said, citing data from the Royal Institution of Chartered Surveyors (Rics).Rics said earlier that international investor interest in British commercial property had all but dried up in the run up to the June 23 referendum on Britain’s European Union membership.Nationwide did not mention the risk of Brexit as an influence on house prices.business@thenational.ae
\n
\nSource : thenational.ae
\nRead more…New taxes put brakes on UK property price growth<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

British annual house price growth cooled in April after the government introduced extra taxes on...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-11580","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-30M","jetpack-related-posts":[{"id":11584,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-taxes-put-brakes-on-uk-property-price-growth-2\/","url_meta":{"origin":11580,"position":0},"title":"New taxes put brakes on UK property price growth","date":"April 28, 2016","format":false,"excerpt":"\r British annual house price growth cooled in April after the government introduced extra taxes on purchases of properties for rental and second homes, according to a survey from mortgage lender Nationwide on Thursday.House price growth eased to 4.9 per cent year-on-year from 5.7 per cent in March.On the month,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39487,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-price-rises-to-slow-this-year-says-nationwide\/","url_meta":{"origin":11580,"position":1},"title":"UK house price rises to slow this year, says Nationwide","date":"January 3, 2017","format":false,"excerpt":"\r British house prices rose faster than expected in December, but the pace of growth is likely to slow this year amid uncertainty about economic developments, mortgage lender Nationwide said. Annual gains stood at 4.5 per cent in December, up from 4.4 per cent in November. Economists polled this month\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6218,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/taxing-reality-for-londons-prime-housing-investors\/","url_meta":{"origin":11580,"position":2},"title":"Taxing reality for London's prime housing investors","date":"February 28, 2016","format":false,"excerpt":"\r \r Although there is no such thing as a surefire winner when it comes to investments, owning a house in prime central London has been about as close to it as it gets over the past five years.According to Knight Frank, property prices rose by an average of 8.5\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39193,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-beat-forecasts-but-sharp-slowdown-expected-next-year\/","url_meta":{"origin":11580,"position":3},"title":"UK house prices beat forecasts but sharp slowdown expected next year","date":"December 29, 2016","format":false,"excerpt":"\r British house prices rose faster than expected in December but the pace of growth is likely to slow in 2017 amid uncertainty about economic developments, the mortgage lender Nationwide said on Thursday.Annual gains stood at 4.5 per cent in December, up from 4.4 per cent in November. Economists polled\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39219,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nationwide-warns-of-house-price-slowdown-in-2017\/","url_meta":{"origin":11580,"position":4},"title":"Nationwide warns of house price slowdown in 2017","date":"December 29, 2016","format":false,"excerpt":"\r Steady growth of 4.5 per cent in December but Brexit uncertainty likely to hit market\r \r Source : ft.com\r Read more...Nationwide warns of house price slowdown in 2017","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/here-be-dragons-as-uk-property-sector-enters-uncharted-territory-after-brexit-vote\/","url_meta":{"origin":11580,"position":5},"title":"Here Be Dragons as UK property sector enters uncharted territory after Brexit vote","date":"November 20, 2016","format":false,"excerpt":"\r Confidence in the UK housing market is now at a three-year low, according to the Halifax building society's monthly survey. This is the time of year when property experts scratch their heads and try very hard to forecast what will happen in the next 12 months.But JLL and Savills,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/11580"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=11580"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/11580\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=11580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=11580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=11580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}