UK Property

UK Property

Jump in US house hunter inquiries for UK homes – where are buyers looking? 

Property website Rightmove has recorded a jump in inquiries from US-based house hunters about homes for sale in the UK. According to the website, the number of inquiries stemming from the US regarding homes for sale in the UK since the start of the year - which covers all of 2025 up until the first week of May - is nearly a fifth (19 per cent) higher than the same period in 2024.  Rightmove suggests that the increase is a result of the global economic uncertainty that looms following Donald...
UK Property

House surveys – the different types and costs

What is a house survey?A house survey is an expert inspection of a property's condition, which identifies problems to a prospective buyer.It's completed by a surveyor who visits the property, carries out an inspection and prepares a report on what they've found.Home buyers generally have a survey done on a property after their offer has been accepted by the seller (but the system works differently in Scotland).Before commissioning a survey, you should check that the surveyor is a member of one of the two main accrediting bodies:Rics - Royal Institution...
UK Property

Inheritance tax could be due on the average property in just 10 years

The average person could be paying inheritance tax (IHT) on their parents’ estate by 2035 as house prices continue to rise, according to new research from investment firm Wealthify.Parents of adult children across the UK who plan on leaving a monetary inheritance were surveyed to understand attitudes around gifting inheritance early.The research found the majority (84%) of parents say their property will make up the bulk of what they leave to their children. Subscribe to MoneyWeek Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE Get...
UK Property

Man in 20s found dead after property fire in James Street, Carlisle

Police responded alongside firefighters following a fire at a property in James Street, Carlisle yesterday, May 13. Cumbria Police officers were alerted to the incident at 2.21pm. A man, in his twenties, was found dead at the scene by firefighters, police said. Joint enquiries are underway involving police and the fire service. There are no suspicious circumstances at this time, police added. Fire and rescue services went to the scene at what they described as a 'commercial building' just before 2pm yesterday. "Crews from Carlisle East, Carlisle West, and Longtown fire...
UK Property

Labour’s Business Property Relief plans risk destroying family businesses like mine: Kiran Fothergill

Published 14th May 2025, 05:45 BSTNow another sucker punch is on the horizon. There’s still time, though, for the government to drop its gloves, retreat to the corner, and give businesses a fair fight.That potential knockout blow, particularly for family-owned SMEs, comes in the form of proposed changes to Business Property Relief (BPR).For more than 30 years, BPR has been a cornerstone of the UK’s inheritance tax system. It allows qualifying business assets to be passed down without incurring a punitive tax bill, enabling family-run firms to transition smoothly across...
UK Property

Boost for the High Street as vacant commercial property grant re-opens

Grants from £2,500 up to £10,000 are available to help businesses start trading from a city centre or local high street property. The Vacant Commercial Property Grant scheme has reopened, supporting new or expanding small organisations looking to open a new premises in the city centre or on one of Bristol’s 46 high streets. It is open to businesses, charities, community interest companies (CICs), sole traders and arts and culture groups for both long-term and temporary or meanwhile use. The grant can be used to pay for capital expenditure including...
UK Property

UK counterterror police arrest man on suspicion of arson after Keir Starmer fires

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A man has been arrested on suspicion of arson in connection with a series of fires including at Sir Keir Starmer’s family home and another property linked to the prime minister.The Metropolitan Police said a 21-year-old was arrested in the early hours of Tuesday on suspicion of arson with intent to endanger life. In a statement, the Met said the arrest related to the fire at the four-bedroom house in Kentish Town...
UK Property

Keir Starmer: UK police arrest man after fire at UK PM’s house

CNN  —  British police said on Tuesday they had arrested a 21-year-old man on suspicion of arson after counter-terrorism officers launched an investigation into three fires, including one at Prime Minister Keir Starmer’s private home. Police were called to reports of a fire in the early hours of Monday morning at the property in Kentish Town in north London, the area that Starmer represents in parliament. Nobody was injured but damage was caused to the property’s entrance, police said. The man was arrested in the early hours of Tuesday on...
UK Property

UK counterterror police arrest man on suspicion of arson after Starmer fires

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A man has been arrested on suspicion of arson in connection with a series of fires including at Sir Keir Starmer’s family home and other property linked to the prime minister.The Metropolitan Police said a 21-year-old was arrested in the early hours of Tuesday on suspicion of arson with intent to endanger life. In a statement, the Met said the arrest related to the fire at the four-bedroom house in Kentish Town...
UK Property

Mega-rich baby boomers quit UK in wealth exodus over tax

The patriarch of one of the Europe’s biggest fortunes is among the latest wave of rich baby boomers and Gen X residents exiting the United Kingdom amid tax hikes aimed at the country’s wealthiest denizens.Troels Holch Povlsen, the 75-year-old founder of clothing giant Bestseller, which owns the Jack & Jones brand, recently switched his usual residency to his native Denmark after previously citing it as England, according to registry filings.Elio Leoni Sceti, 59, the former chief executive officer of EMI Music and co-founder of an early stage investment firm based...
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