{"id":7171,"date":"2017-11-24T15:40:15","date_gmt":"2017-11-24T15:40:15","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=7171"},"modified":"2023-10-01T15:16:52","modified_gmt":"2023-10-01T14:16:52","slug":"weekly-roundup-budget-news-stamp-duty-impacts-and-china-crackdown","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/news\/weekly-roundup-budget-news-stamp-duty-impacts-and-china-crackdown\/","title":{"rendered":"Weekly roundup: Budget news, stamp duty impacts and China’s crackdown"},"content":{"rendered":"

This week, the Budget dominated headlines and spelled some major changes for the property market. Here are nine things you might have missed…<\/strong><\/p>\n

1. Where’s the fastest place<\/a> to sell a property in the UK?<\/h4>\n

The average time it takes to sell a home in the UK has been revealed to be just over three months, a slowdown on what it was a year ago.<\/p>\n

\"Edinburgh\"<\/p>\n

2. Stamp duty blocks tens of thousands<\/a> of property purchases each year<\/h4>\n

Research reveals up to 45,000 homebuyers are blocked by the tax. The Budget could see major changes for property ladder hopefuls.<\/p>\n

\"Barbed<\/p>\n

3. Invest in a new-build<\/a> to cover the cost of your daily Starbucks<\/h4>\n

Fuel costs have increased by around 36% over the past 10 years, but new data reveals you could save \u00a3629 a year if you own a new-build property.<\/p>\n

\"starbucks\"<\/p>\n

4.\u00a0Government could ban \u2018gazumping<\/a>\u2019 to take stress out of homebuying<\/h4>\n

The government has created a questionnaire inviting estate agents, solicitors and mortgage lenders, as well as the general public, to share their views and experiences.<\/p>\n

\"move<\/p>\n

5.\u00a0Controversial new website<\/a> ruffling feathers of landlords and letting agents<\/h4>\n

There\u2019s a new website offering tenants the chance to give their rental homes marks out of 10 \u2013 but some landlords are threatening legal action.<\/p>\n

\"ratings\"<\/p>\n

6.\u00a0Northern Powerhouse<\/a> sees huge investment \u2013 but what about Yorkshire?<\/h4>\n

In the Budget, Phillip Hammond set out the government\u2019s plan to invest more in the north of England, although Yorkshire may miss out on much of the funding.<\/p>\n

\"northern<\/p>\n

7.\u00a0\u2018Buy-to-leave\u2019 landlords<\/a> to be targeted with new council tax premium<\/h4>\n

With an estimated 200,000 empty homes across the country, worth around \u00a343bn, Phillip Hammond has handed local authorities more power to tackle the issue.<\/p>\n

\"empty<\/p>\n

8.\u00a0China cracks down on property market speculation<\/a><\/h4>\n

In a recent bid to end speculation in its property market, China is gearing up to increase its financial regulation and stabilise the market.<\/p>\n

\"Beijing<\/p>\n

9.\u00a0Build-to-rent<\/a> sector gets the green light in Autumn Budget<\/h4>\n

The \u00a38bn investment promised for private housebuilding and build-to-rent homes demonstrates the importance of the emerging sector.<\/p>\n

\"apartment\"<\/p>\n","protected":false},"excerpt":{"rendered":"

This week, the Budget dominated headlines and spelled some major changes for the property market. Here are nine things you might have missed… 1. Where’s the fastest place to sell a property in the UK? The average time it takes to sell a home in the UK has been revealed to be just over three… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":6119,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4,59,6],"tags":[341],"class_list":["post-7171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-trending-news","category-uk-housing-market","tag-newsletter"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/7171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=7171"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/7171\/revisions"}],"predecessor-version":[{"id":6096945,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/7171\/revisions\/6096945"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/6119"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=7171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=7171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=7171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}