{"id":1519,"date":"2016-11-02T07:00:28","date_gmt":"2016-11-02T07:00:28","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=1519"},"modified":"2016-11-02T07:00:28","modified_gmt":"2016-11-02T07:00:28","slug":"one-four-property-sales-uk-buy-let-second-home","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/zh-hk\/2016\/11\/02\/one-four-property-sales-uk-buy-let-second-home\/","title":{"rendered":"One in four property sales in UK is buy-to-let or second home"},"content":{"rendered":"<p><strong>About 25% of properties bought in the UK in the third quarter of 2016 were a buy-to-let or second home purchase, figures recently released by the tax department revealed.<\/strong><\/p>\n<p>Following the 3% stamp duty surcharge coming into effect earlier this year, more accurate figures can now be published, indicating how many <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/09\/29\/manchester-leads-way-property-investment\/\" target=\"\" rel=\"noopener\">investment properties<\/a> were bought over a certain period of time.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"y0WEtbJjt9\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/10\/30\/greedy-sellers-keep-property-market-extra-month-especially-london\/\">Greedy sellers keep property on the market for an extra month, especially in London<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Greedy sellers keep property on the market for an extra month, especially in London&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/10\/30\/greedy-sellers-keep-property-market-extra-month-especially-london\/embed\/#?secret=pXZ2UhgGrM#?secret=y0WEtbJjt9\" data-secret=\"y0WEtbJjt9\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>The HMRC data revealed that the Government has collected about \u00a3670 million in stamp duty since introducing the new stamp duty rules.<\/p>\n<p>A total of 235,000 properties were sold in the third quarter that also were subject to stamp duty. Out of this number, 56,100 properties fell under the new rule, adding 3% stamp duty and therefore bringing in extra duty worth \u00a3440 million.<\/p>\n<p>The number of <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2017\/11\/20\/more-cornwall-ban-second-homes-cameron-buys-2m-holiday-pad\/\">additional homes<\/a> bought in the second quarter of the year, directly after the change and during a traditionally quieter period, was lower. After that, sales doubled during the third quarter.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"3xR2XQYeUJ\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/10\/06\/prime-property-prices-uk-show-positive-outlook\/\">Prime property prices in UK show positive outlook<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Prime property prices in UK show positive outlook&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/10\/06\/prime-property-prices-uk-show-positive-outlook\/embed\/#?secret=uZZb1MD6Il#?secret=3xR2XQYeUJ\" data-secret=\"3xR2XQYeUJ\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Separate data from the Land Registry reveals that in England and Wales there were 95,300 residential and <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/10\/31\/uk-commercial-property-experiences-recovery-brexit-slump\/\" target=\"\" rel=\"noopener\">commercial property<\/a> sales submitted for registration in September.<\/p>\n<p>Out of that, 70,237 were freehold and 11,497 were <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/09\/04\/60000-build-rent-units-uk\/\" target=\"\" rel=\"noopener\">newly built<\/a> while 552 properties over \u00a31 million were sold of which 313 were in London.<\/p>\n<p>When it comes to the most bang for bucks, the most expensive residential sale in September was a semi-detached property in London\u2019s borough Kensington and Chelsea for \u00a310,915,000 whilst the cheapest was a flat in <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/10\/03\/top-10-property-investment-liverpool\/\" target=\"\" rel=\"noopener\">Liverpool<\/a> for \u00a312,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>About 25% of properties bought in the UK in the third quarter of 2016 were a buy-to-let or second home purchase, figures recently released by the tax department revealed. Following the 3% stamp duty surcharge coming into effect earlier this year, more accurate figures can now be published, indicating how many investment properties were bought<a class=\"excerpt-read-more\" href=\"https:\/\/www.buyassociationgroup.com\/zh-hk\/2016\/11\/02\/one-four-property-sales-uk-buy-let-second-home\/\" title=\"ReadOne in four property sales in UK is buy-to-let or second home\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":1069,"featured_media":4652,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[22,83,190],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/posts\/1519"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/comments?post=1519"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/posts\/1519\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/media\/4652"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/media?parent=1519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/categories?post=1519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/zh-hk\/wp-json\/wp\/v2\/tags?post=1519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}