The Chancellor made a wide range of housing announcements in his Autumn Statement and Spending Review.
What has been announced?
Our inaugural Global Tax Report, produced in conjunction with EY, assesses the impact of property and tax costs for a foreign investor who purchases a US$1m and US$10m property in 15 key cities around the world.
In October, the Chinese government announced that it will ease its 35-year-old one-child policy to allow all couples to have two children.
With concerns about a potential interest-rate hike in the US and the spillover effect from China’s economic slowdown to Hong Kong, the outlook for the local housing market has turned bearish in recent months.
According to the Land Registry, in August, the number of residential transactions in Hong Kong decreased 27.8% from the previous month to settle at 3,896.
The home ownership rate in France overtook Britain’s for the first time in 2014 according to new data from Eurostat, the EU’s statistics agency.
A subject of recent interest to us (and covered in the recent Country Review) is examining the distribution of housing transactions throughout England and Wales (excluding London).
Bond is back.