Property Vision

Charlie Ellingworth's latest Market Roundup reflects on the current state of the real estate market, noting that despite headlines, the Central London market has remained stagnant for the past decade. Factors like changes in Inheritance Tax affecting non-doms, rising Stamp Duty, and new taxation under a Labour government are influencing transactions. Developments such as Battersea Power Station and the revitalization of Queensway are highlighted, showing the impact of thoughtful urban planning. Challenges in development, from cost inflation to lengthy timelines, are exacerbating issues, with over 70 projects in trouble. Legislation, including changes to agricultural property relief and the Renter’s Rights Bill, is shifting the landscape further, with long-term effects likely to be felt from new planning laws and the push for net-zero sustainability goals. #LondonRealEstate #PropertyDevelopment #MarketTrends https://lnkd.in/ePgS38YZ

Classic winning trainer George Boughey and Stable Jockey Billy Loughnane pictured at George's newly purchased training facility in Newmarket this morning. Robert Fanshawe advised on the purchase of Craven House Stables, a state-of-the- art training facility that marks a significant expansion milestone for Boughey and his team. We wish them great success in their new yard and for the season ahead. #britishracing #horsetraining #equestrianproperty #newmarket

Charlie Ellingworth discusses the past month and how it has been notable for its political and economic developments. The re-emergence of Trump has raised concerns about inflation, while the new Labour government's budget has caused unease among wealthy individuals. A significant change is the introduction of a 20% inheritance tax on estates valued over £1 million, affecting farmers and family businesses that previously benefited from tax relief. While couples may combine allowances to mitigate the tax impact, concerns linger about its effects on working farmers who operate on thin margins. #BudgetInsights #PropertyMarket #InheritanceTax https://lnkd.in/e-AXE7GV

Congratulations to our very own Partner Roarie Scarisbrick in winning 'Property Buying Agent of the Year' at Spear's Awards last night. The Spear's Awards recognise outstanding achievements in the wealth management and private sectors, honouring individuals and organisations who advise ultra-high-net-worth clients. The awards celebrate excellence across areas such as wealth management, property advisory and private client services.

Philip Harvey our Senior Partner contributed in the Financial Times House and Home, talking about the importance of fee transparency in real estate transactions.

Labour’s clean energy strategy, driven by Ed Miliband, seeks to achieve energy independence and fully decarbonize the UK grid by 2030, with solar power playing a central role. The government has lifted the ban on onshore wind farms and fast-tracked major solar projects, though this rapid expansion has raised concerns about land use in rural areas like Wiltshire. Despite these objections, leasing land for renewable energy offers significant financial incentives for farmers and landowners. Buyers and investors should assess both agricultural value and energy potential when considering land, while most rural homeowners are expected to remain unaffected. This perspective is shared by Robert Fanshawe, Partner at Property Vision.   #CleanEnergyRevolution #SolarExpansion #SustainableGrowth https://lnkd.in/eyC7Ds9B

What does it take to discover a country manor that perfectly captures the charm of rural life while meeting every luxurious expectation? Marcus Gondolo-Gordon, a Buying Advisor from Property Vision, takes Umesh Patel on a tour of two grand country estates—a luxurious Art Deco mansion and a charming Arts and Crafts manor—both set on sprawling grounds with features like tennis courts and wine cellars. Property Vision exclusively represents buyers, using its extensive network to find on- and off-market properties and negotiate deals discreetly for high-profile clients. While these estates offer exceptional luxury, Marcus highlights the practical challenges, including high maintenance costs and rising expenses, that come with owning such expansive properties. #LuxuryEstates #PropertyAdvisors #CountryLiving https://lnkd.in/ebuRK24F

What is motivating affluent Americans to invest in European real estate, and how is this trend impacting local property markets?   Philip Harvey discusses how interest in European real estate among wealthy Americans has surged, driven by increased tourism and a strong dollar. Americans are purchasing properties not only as vacation homes but also as long-term investments and residences, with significant increases in property acquisitions in countries like Spain, Portugal, and Greece. This trend is fuelled by the growing wealth of America's top 1%, favourable economic conditions such as lower mortgage rates in Europe, and attractive tax incentives for foreign residents. The demand is also influenced by lifestyle preferences, with some Americans seeking less hectic environments and better climate conditions. Although the majority of foreign buyers in Europe remain from countries like the UK and Germany, American buyers are becoming a more prominent force in the luxury real estate market.   https://lnkd.in/eRagxpb9   #AmericanBuyers #EuropeanProperty #GlobalInvestment

Charlie Ellingworth writes our latest market comment. He discusses the impact of Labour Policies on Wealth Distribution and the Property Market. The Labour government's focus on stimulating growth through relaxed planning controls and increased infrastructure investment is set to impact different wealth groups. While the working wealthy might benefit from growth-oriented policies, the rentier class could face challenges due to higher taxes and potential declines in property values. The proposed increases in Stamp Duty for overseas buyers and changes in property tax rates reflect efforts to address housing affordability and target wealthier individuals. The market outlook remains mixed: high-end properties are still competitive, but middle-class financial strains and the troubled buy-to-let sector indicate broader economic adjustments. Overall, while immediate prospects for the property market are cautiously positive, long-term effects will depend on how new policies and economic conditions unfold. To read the full article: https://lnkd.in/eZSm5w_P. #LabourPolicies #PropetyMarket #WealthDistribution

Why is there a significant shortage of properties in the mid-market? London partner Simon Connell discusses how George Osborne’s radical reform of the Stamp Duty Land Tax (SDLT) in his 2014 Autumn Statement has impacted the availability of these high-end London homes by inadvertently restricting supply rather than limiting demand. For example, upgrading from a £5 million to a £10 million home incurs over £1.1 million in SDLT, significantly raising the transaction cost, while downsizing from a £10 million to a £5 million home still results in a substantial SDLT payment. Additionally, a 60% spike in build and refurbishment costs since 2021 has created a gap in price expectations between sellers and buyers. This mid level property market in central London remains very tight, with fewer than 250 transactions in the past year. In such a constrained market, expert knowledge and assistance are crucial. Read the whole article below. #stampduty #londonproperty #propertymarket https://lnkd.in/dZSRiMjk