Search Tools

Search by Article Type

Search by Location

Search by Month


Search Everything

Translate

PrimeResi Directory

Who to know; who to recommend; who to call...
A directory of the prime movers at the top of the property market.

Featured Listings

Showing 1 - 7 of 443 results

Visit the main Directory page here

Appointments

The home of luxury property careers

Latest Opportunities

RSS ____________________________

  • Business Development Executive
    We are hiring! About us: Quintessentially Lifestyle is the world’s leading Luxury Lifestyle Company. Launches in 2000 as a London based concierge service, Quintessentially Lifestyle has expanded to have offices in over 60 cities around the world. The service provided to our discerning and high net worth Members is proactive and personalised, catering to ever
  • Buying Consultant
    Company Profile Quintessentially Estates is a dedicated global property specialist with deep expertise and insider knowledge, focused on delivering extraordinary personal service. Quintessentially Estates has 11 offices across the globe with our head office located in Belgravia. Our clients seek professional and specialist advice for all property requirements, whilst simultaneously gaining access to an unrivalled
  • Social Media Manager
    Savills is looking for a Social Media Manager. Full details and how to apply here
  • Lettings Director
    We have been exclusively instructed by one of our clients to recruit a Lettings Director to run their successful lettings division. This is an exciting career opportunity with a very well established independent London estate agency that has a small but successful network of offices in West London. This is a very hands-on role where the successful candidate will
  • Residential Lettings Coordinator for a Major London Landlord
    We currently have a fantastic opportunity to work with this major London landlord based in Marylebone. This central London estate comprises of property assets worth billions of pounds, including residential, retail and offices. The estate handles most matters in-house, including management, lettings, project management, acquisitions and rent reviews. They are currently looking to recruit a Residential Lettings Coordinator to join their team in their central London
  • Lettings Associate
    This highly respected firm of estate agents and chartered surveyors, with a successful network of offices in London and the country, is looking to hire a Lettings Associate to join the new office in Mayfair. This is an excellent opportunity within a highly respected brand and our client is looking to consider applicants looking to make their next step on the career ladder.
  • Sales Associate
    Strutt & Parker is advertising an opportunity to join the Estate Agency team in Ascot. Full details and how to apply here
  • Senior Negotiator/Associate
    Knight Frank’s resi sales team is looking to recruit a Senior Negotiator or Associate to specialise in Prime Sales. Full details and how to apply here  
  • Head of Marketing & PR for Luxury Estates Company
    We are looking for a driven head of marketing and PR to join us at our London headquarters. As a strong brand marketer and PR communicator, they will be responsible for building and executing a strategic marketing and PR objective globally for all offices in USA, Europe, APAC and UK ensuring strength of execution to
  • Recruitment Officer
    Chestertons is looking for a Recruitment Officer. Full details and how to apply here

Free email newsletters

Please let us know which email address you would like newsletters to go to, and how often you would like to be kept updated.

* indicates required
Which newsletters would you like to receive?

Already signed-up? You can change your preferences by clicking the "Update your email newsletter preferences here" link at the bottom of the latest Bulletin or Briefing you received from PrimeResi.com. Or just put your email in again above and follow the links...

Telegraph launches ‘Stamp Duty Must Be Slashed’ campaign

National newspaper calls for Chancellor Hammond to cut SDLT on higher-value homes in the Autumn Statement

The Daily Telegraph has launched a campaign urging the Chancellor to roll back blistering rates of stamp duty in his first Autumn Statement, citing research by Oxford Economics which claims that “stamp duty reforms have slowed the housing market and raised half as much money as the Treasury predicted”.

telegraph-cut-sdlt-front-pageWith a big front page splash laying into George Osborne’s SDLT reforms, which significantly upped transaction taxes for homes above £1.1m, the newspaper announces that “today The Daily Telegraph launches a campaign calling on Mr Hammond, the current Chancellor, to address the issue in next week’s Autumn Statement”, arguing that “the Government was not aware of the potential impact on transactions that the reforms would have.”

New research by Oxford Economics claims that a 1% increase in stamp duty on £1m+ homes “led to an 8% decline in transactions. This is far higher than what was forecast by the Office for Budget Responsibility, which said the figure would be 2.8%.” That crumbling of transactions – widely reported over the last few months on PrimeResi – means that 1,950 fewer seven-figure properties were sold in 2015 compared what would have been expected without the reforms; that’s a 10% drop in turnover.

The Telegraph quotes a fleet of top Tory types to support its campaign, including Conservative Chairman of the Treasury Committee Andrew Tyrie, who said: “stamp duty on residential property distorts both the housing and the labour markets. Successive governments have made a mess of housing taxation, of which stamp duty’s distortions are only a part.” Old school politician Jacob Rees-Mogg also weighs in, adding that “taxation ought to be about raising the revenue governments need – not the politics of envy. Punitive stamp duty rates seem, unsurprisingly, to have failed, so ought to be normalised at sharply lower levels.”

All this is likely to be roundly welcomed by the prime resi industry, which has been calling for just such a re-reform of the SDLT system since Osborne first started ringing the changes.

Super-prime specialist Turnbull Property and Dataloft recently flagged up the same issues as Oxford Economics and The Telegraph, reporting here on PrimeResi that “2016 tax revenues from prime London sales have been consistently falling below 2015 levels, month after month.” Transactions in prime London have fell by over 40% between March and November, said Turnbull, “and the next time HMRC publishes its stamp duty data it is likely to find its takings greatly diminished”.

Glentree Estates’ boss Trevor Abrahmsohn put stamp duty changes at the top of his Autumn Statement wishlist last month; Banda Property chief Edo Mapelli Mozzi penned an open letter to the Chanceller back in July, beseeching Hammond to do something about punitive SDLT rates, and, in September, top estate agent / economist/ financier Charles Curran took an in-depth look at how the new SDLT system is affecting transaction levels and prices, concluding that “the new SDLT has provided for a fundamental shift in the way property has been taxed” (read Curran’s full analysis of “Why the new SDLT regime isn’t working” here).


FURTHER READING

Sections
- News -Editors' ChoiceHeadlinesPolicyTaxThe Salon
Media Partner
From the Archives
Follow PrimeResi

MORE STORIES

PrimeResi Cookies Policy

Our website uses cookies to improve your experience. By continuing to use this site, you are essentially agreeing to this. Please visit our Terms & Conditions page for more information about cookies and how we use them.

PrimeResi.com will be re-launching very soon, with a significant upgrade to the website… Stay tuned!