Yearly Archives: 2017

Are the Stamp Duty hikes doing more harm to the UK Economy than just strangling the Residential Property Market?

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We all know the reasons why the former Chancellor imposed those draconian hikes on Stamp Duty charges in the autumn Budget of 2014 and we can now see the full devastating and distorting effect it is having on the Residential Property Market, particularly in London.

Prices are down by 25% and activity is down by 70% and since transaction expenses are now playing such an important part in the mind-set of prospective buyers, in certain price ranges, there is absolute gridlock in sales, where sellers outnumber buyers by 10-1. Continue reading →

Trevor Abrahmsohn gives his 2018 predictions on the stock market, inflation, UK politics, the property market and more…

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Trevor Abrahmsohn, Founder and Managing Director of Glentree International, gives his predictions for 2018, covering topics including inflation, the Pound, the stock market, property, UK politics and the World Cup.

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Response to the Chancellor’s Budget, November 2017

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The abolition of Stamp Duty for first time buyers up to £300,000 is a very good initiative, however, whilst it is a very welcome £5000 gift for these vulnerable groups, it never the less may serve to ‘stoke up’ the market at the lower end, which could perversely, work against them.

The former Chancellor Osborne, reduced Stamp Duty at the lower end which exacerbated inflation in this sector from circ 5-8%, particularly in London, and this served to disenfranchise buyers at this end of the market since their deposits were not rising at the same pace as prices. Continue reading →