Record month for O’Neill Patient as property market rebounds
Conveyancing firm O’Neill Patient LLP (ONP) has recorded a significant increase in enquiries, instructions and completions in June year-on-year. The figures provide evidence of a market rebounding strongly from the damage caused by Covid-19. Adam Forshaw, managing director of ONP, said: “Against the backdrop of the coronavirus outbreak, this strong performance is evidence of the resilience and versatility of our staff who continue to provide high levels of customer service from home. “It is also testament to the resilience of ONP’s technology-driven approach in the face of the difficulties posed for the property market by Covid-19. “Demand is coming back to the market strongly after the hiatus caused by Covid-19. ONP’s technology-led model gives clients and customers a high-quality experience...
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Government mulls stamp duty holiday to boost housing market
The Government could cut stamp duty for six months on homes up to £500,000 to help boost Britain’s struggling housing market. Homebuyers currently pay stamp duty on properties worth more than £125,000, with a 3% rate on properties worth up to £250,000 and 5% on properties up to £675,000. The Times reports that Chancellor Rishi Sunak could raise the threshold to encourage more housing transactions. The new threshold is expected to be set between £300,000 and £500,000 and would remain in place for six months. First-time buyers are already entitled to relief for the first £300,000 of stamp duty on properties up to a value of £500,000. This means a majority of homebuyers will not have to pay any stamp duty...
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International News
Coronavirus robots developed to disinfect hospital rooms using light beams
Odense, Denmark’s third-largest city, is home to a thriving robotics industry. Based here is UVD Robots, a company with the objective of global commercialising robotic based UV Disinfection solutions for hospitals. The company has created a self-driving machine that can navigate itself around a room as it kills microbes with...
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ECB announces plans for €750bn coronavirus programme
The European Central Bank (ECB) has unveiled an emergency package to soften the harsh effects of the coronavirus pandemic on the economy. The new measures put in place will buy government and company debt across the eurozone, including that of struggling Greece and Italy. The response comes after an emergency...
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Investment News
