UK capital will continue to pull millionaires and billionaires from Asia and Middle East, says report by property consultants. The global super-rich will continue to flock to London despite the UK’s decision to leave the EU, according to a report by property consultants Knight Frank. Read Rupert Neate’s article written for The Guardian…

The property transaction tax explained – Stamp duty must be paid by the buyer of any home in England that costs more than £125,000 – so what is this tax and where did it come from?
Find out the stamp duty that you are liable to pay according to the price of the property you are buying..

U.K. house prices rose at their fastest pace in a year last month as high-value London property showed signs of a rebound.
According to regional data for January, London home prices gained 0.4 percent from December, snapping a two-month decline, and gains in the high-value areas of the capital contributed to the increase in February.

The best-value postcodes in travel Zones 1 to 5 – New research reveals where home buyers will find the best-value areas across London based on average property prices per square foot.
“While the average price of a Zone 1 home is in seven figures, relatively affordable areas still exist on the fringes. Over the last couple of years it’s these parts of the capital that have increasingly been the focus of attention for many developers.”

London, and especially the priciest areas of the capital’s housing market, will be most affected, with prices dropping 5.6 percent in 2017, according to the consultancy’s predictions. Across the U.K., while property value growth will accelerate to 6.9 percent in 2016, it’s set to slow to 2.6 percent next year.

The number of owners cutting prices for prime homes in the capital jumped 75 percent in the 10 weeks following the June 23 vote compared with the same period a year earlier, according to data compiled by researcher Lonres. There was a 33 percent increase in the 10 weeks preceding the vote, the data shows.

House price growth cooled in the month after the EU referendum, according to the first official Government figures since the historic vote. The annual rate of growth fell from 9.7pc in June to a “robust” level of 8.3pc in July, according to the Office for National Statistics. Despite the slowdown, the 8.3pc growth rate is the third-highest measured so far this year. On a monthly basis, property prices edged up 0.4pc between June and July. The increase in values continues to be fuelled by high levels of demand and a shortage of supply, according to the Royal Institution of Chartered Surveyors.