UK News House sales jump by two-thirds as stamp duty deadline looms
First trailer for Line of Duty star Stephen Graham's new movie
You could cut the tension with a knifeFilmed over two days, with each sequence shot in a single take, the film follows Andy Jones (Graham), a head chef at one of London's top restaurants as he rallies his team ahead of 'Magic Friday', the last before Christmas and the busiest night of the year.
House sales surged by more than two-thirds in September as buyers rushed to make stamp duty savings.
Across the UK, an estimated 160,950 homes changed hands, which was 67.5% higher than in August, HM Revenue and Customs (HMRC) said.
The September total was also 68.4% higher than in September 2020.
HMRC said the figures had “have captured significant impacts from expected forestalling activity in England and Northern Ireland”.
A stamp duty holiday in England and Northern Ireland was tapered from the start of July and then ended completely from the start of October this year.
Line of Duty season 7 may be delayed until COVID pandemic is over, says BBC boss
Jed Mercurio deserves a break, to be fair.Following this year's sixth edition of the pulse-pounder, which achieved the most-watched non-soap drama episode since modern records began (its finale was watched by 12.8 million overnight), you'd imagine that the wheels would already be in motion for more AC-12 action.
Property professionals have previously reported seeing a rush of home buyers looking to complete deals in order to make stamp duty savings.
HMRC explained: “Forestalling is when advanced action is taken to prevent an anticipated event.
“For these statistics, forestalling refers to taxpayers completing property transactions earlier to take advantage of Government policies. In this case, the ending of the temporarily increased nil rate band for residential stamp duty land tax from September 30 2021.”
In the financial year so far (April to September), an estimated 765,570 house sales have taken place – marking the highest total for this period seen in the past decade, with the figures having captured the impacts from temporarily increased “nil rate” stamp duty bands.
Buy-to-let landlords didn't use the stamp duty holiday to buy more
Buy-to-let landlords bought up more properties ahead of a controversial new tax being introduced in 2016 than they did during 2020-21's stamp duty holiday, new figures reveal.Buy-to-let investors completed tens of thousands fewer transactions than they did during a similar 15-month period in 2016, despite rents heading higher in much of Britain during the pandemic.
House sales plunged by about 50% annually in April and May 2020 due to the impacts of the coronavirus pandemic.
In the run-up to March 2020, sales had been following “a seasonal but stable trend, with higher transactions during summer and autumn months and lower transactions during the remaining months”, the report said.
HMRC cautioned that the latest figures are provisional as not all returns from completed sales will have been received.
Sam Mitchell, CEO of online estate agent Strike, said: “Property transactions jumped yet again in September as the market enjoyed one final stamp duty holiday hurrah.”
Lawrence Bowles, senior research analyst at Savills said: “Even though stamp duty holiday support has tapered down, it’s still encouraged many buyers to complete last month to save up to £2,500.
“But there’s more to this activity than a stamp duty holiday: record-low mortgage rates, desire for more space, and a core of unmet pent up demand all continue to push up transaction volumes.”
Call of Duty Black Ops Cold War And Warzone: The Haunting Trailer Revealed
Revealing the new trailer for The Haunting eventCall of Duty did a Halloween event in 2020, also called the Haunting, and this event will be returning in 2021 due to how much the gaming community enjoyed it.
Anna Clare Harper, CEO of property consultancy SPI Capital, said: “Investors, homeowners, solicitors and banks pushed hard to get transactions done before the end of September, so that buyers could make the most of the final stage of the temporary stamp duty relief.”
Chestertons CEO, Guy Gittins, said: “Our current levels of new applicants and viewings are tracking approximately 30% above the three-year average for September. This underpins our view that the buoyant sales market will be with us until at the very least first half of next year.”
Mike Scott, chief analyst at Yopa, said: “The numbers of completed sales for September in Scotland and Wales were still strong compared with recent years even though the final deadlines for tax savings occurred at the end of March in Scotland and at the end of June in Wales.
“We anticipate that England and Northern Ireland will follow the same pattern, with activity remaining high and prices continuing to rise despite the end of the stamp duty holiday.”
Peter Beaumont, CEO of The Mortgage Lender said: “With the furlough scheme ending last month, October could see some of the steam come out of the market. Coupled with the anticipation that the Bank of England may raise interest rates before the end of the year, it could soon be a less attractive time for buyers to get on the housing ladder.”
When The Resident Will Return To Fox With New Episodes After The Time Jump .
The Resident is taking a break after revealing a big time jump, and here's what's on the way.The final minutes of The Resident’s fifth episode saw the action jump about four years ahead, with baby Gigi becoming toddler Gigi ready to head out to trick-or-treat, so there are a lot of questions that need answers. Sadly, The Resident won’t be back to reveal what comes next until Tuesday, November 2 at the very earliest. The show is being preempted on October 26 by Game 1 of the MLB’s World Series between the Atlanta Braves and the Houston Astros. If the World Series concludes in five games or less, then The Resident will be back on November 2.