Today Chancellor George Osbourne announced that properties sold over £2million will be subject to a stamp duty charge of 7%, an increase of 2%. Mr Osbourne also confirmed that properties over the £2m mark bought via a company would be subject to a 15% charge. The Chancellor said that the people who are buying the most expensive houses should contribute more.

Many Winkworth offices have reported a rise in the number of buyers expressing interest in entering the market in early 2012 and many vendors who have sat on their hands are now tired of trying to second-guess the market and plan on instructing sales early in the year. We are therefore hopeful of a strong start to 2012.

Winkworth Franchising is proud to present the new issue of its west London regional magazine for Autumn 2011.

The magazine displays new and exciting properties from across the west London area and also comment from our offices. Although there are property market concerns across many parts of the UK, our west London offices report that demand is continuing to outstrip supply.

We have just released the summer issue of our Market Analysis report, tracking market activity across the Winkworth group.

Geoff Morgan, franchisee of Winkworth Northampton Estate Agents, gives an update on the local market. If you would like to discuss the market or how we can help you sell your property please contact Winkworth Northampton on 01604 824 854.