{"id":3389,"date":"2015-11-30T15:15:32","date_gmt":"2015-11-30T15:15:32","guid":{"rendered":"https:\/\/bb.pixelanddot.dev\/market-update\/december-2015\/"},"modified":"2026-01-21T14:25:26","modified_gmt":"2026-01-21T14:25:26","slug":"december-2015","status":"publish","type":"market-update","link":"https:\/\/www.black-brick.com\/insights\/market-update\/december-2015\/","title":{"rendered":"December 2015"},"content":{"rendered":"

<\/a>Chancellor\u2019s stamp duty surprise set to trigger property scramble<\/p>\n

\"Chancellor\u2019sAs is customary for this Chancellor of the Exchange, his latest budget contained plenty of surprises for property buyers. George Osborne\u2019s latest bombshell, in November\u2019s Autumn Statement, is a planned 3 percentage point hike in stamp duty charged on buy-to-lets and second homes.\u00a0The move, predictably, drew howls of outrage from landlords\u2019 associations, and will certainly have major ramifications for London property. But we believe it will help to cool a potentially over-heating part of the market, and Osborne\u2019s extension of the Help-to-Buy scheme will make London property affordable for a wider range of buyers. \u00a0In the immediate aftermath of the Chancellor\u2019s speech to the House of Commons, lawyers and accountants are digesting the implications of Osborne\u2019s stamp duty increase. Indeed, the government is consulting on the details of the new rates, which will be introduced from April 2016.<\/p>\n

But at Black Brick we think a number of results are likely:<\/p>\n

\u2013 A flurry of activity<\/strong> over the next four months, as buyers scramble to find, exchange and complete on properties that will be subject to the additional stamp duty. We have already taken calls from clients looking to accelerate their plans.<\/p>\n

\u2013 A shift in demand, rather than a reduction<\/strong>. For buy-to-let investors (as opposed to second home buyers), the additional stamp duty charge will be much more keenly felt on more expensive properties (see table 1). At the same time, there remains considerable demand for buy-to-let investments. So we think demand will rise for cheaper \u2013 sub-\u00a31 million \u2013 properties, and fall for those above that mark.<\/p>\n

\u2013 More tempering of buyers\u2019 expectations<\/strong>. The move will add momentum to falling prices in parts of the market, which we believe will unlock deals. Vendors should become more realistic about asking prices, helping to bring buyers back to the market. Buy-to-let investors will certainly expect to be able to negotiate the additional 3% out of asking prices.<\/p>\n

\u2013 A move from residential to commercial property investment.<\/strong> We think this government\u2019s approach to property taxation will see investors shift their focus from the over-taxed residential sector towards commercial property. We note that stamp duty on commercial real estate remains untouched at just 4% on property above \u00a3500,000. We are already seeing enquiry in this direction and Black Brick plans to add commercial property capability to our client offering, augmenting our recently launched development and hotel arm.<\/p>\n

\u2013 Interest in new investment vehicles<\/strong>. The stamp duty surcharge will not be applied to companies or funds making \u201csignificant\u201d investment in residential property (although these will be subject to corporation tax and tax on dividends). This will increase the appeal of these structures to institutional investors, and Black Brick will explore the potential of setting up our own such fund next year, as a tax-efficient investment vehicle for our clients.<\/p>\n

In addition, there are a number of question marks about the stamp duty hike. First, whether it applies to purchases that have been agreed, but which will not complete before next April \u2013 such as off-plan purchases. Our lawyers say that precedent from earlier stamp duty reforms suggest this is unlikely, but a definitive answer must await the conclusion of the government consultation.<\/p>\n

Second, how \u2013 if at all \u2013 the increase will be applied to overseas buyers. In his Autumn Statement speech, Osborne explicitly mentioned purchases to let by non-residents. If the rise is applied on a blanket basis to overseas buyers, we would expect to see substantial falls at the high end of the prime market.<\/p>\n

Third, it is an open question how the second home qualification will be implemented. Given the difficulty in enforcing such a provision, we suspect that this element may disappear following consultation.<\/p>\n

Some landlords\u2019 associations warn that the increase in stamp duty may not have the effect that Osborne intends \u2013 namely to encourage home ownership. Many developers rely on forward-selling off-plan to finance developments. If this stamp duty increase, in addition to other tax changes affecting buy-to-let investors, discourages such forward sales, then developments may simply not get built. In addition, rents may well rise, as landlords pass on the additional costs they face acquiring and financing properties.<\/p>\n

However, the Chancellor should be given credit for attempting to address problems in London\u2019s property market, in particular, which is seeing whole swathes of the population priced out of the capital. To the extent that the stamp duty reforms reduce speculative investment, they are to be welcomed \u2013 indeed, the Bank of England has been warning of the risks of a property bubble inflated by buy-to-let investors for some time.<\/p>\n

Longer-term, a property market supported from the bottom by demand from young people living and working in the capital is important to the city\u2019s fabric, and to the health of the whole property market. We would, however, hope for a period of stability in terms of how London\u2019s property market is taxed, after a series of rapid changes over the last 18 months or so.<\/p>\n

One thing is clear: these moves underscore the importance of taking professional advice on property purchases, especially in the buy-to-let space. Buyers and advisors will be digesting these changes for some time to come. At the very least, buyers should expect to negotiate hard to ensure than any tax impacts are addressed in the price paid for a property.<\/p>\n

Table 1 illustrates how the new stamp duty rates are likely to look for buy to let investors and second home buyers from April 2016 onwards although final details of exactly how this new regime will apply are awaited.\u00a0 It appears that the first \u00a340,000 of the purchase price may be taxed at 0% which would have the effect of reducing each figure quoted below in the \u2018Stamp Duty April 2016\u2019 column by \u00a31,200 but exactly how this may be applied is not yet clear:<\/p>\n

 <\/p>\n

Table 1<\/strong><\/p>\n

\"\"<\/p>\n

 <\/p>\n

<\/a>Property analysts peer into their crystal balls<\/p>\n

\"Fotolia_84419024_Subscription_Monthly_XXL\"Osborne\u2019s stamp duty raid will have sent property analysts back to their spreadsheets to calculate the likely effect on property prices \u2013 but not before some of the leading property companies published their forecasts for 2016 and beyond.<\/p>\n

Table 2 summarises those predictions available for Prime Central London and the wider UK residential market. Most anticipate solid medium-term growth \u2013 but only after sluggish performance in the next couple of years.<\/p>\n

Table 2<\/strong><\/p>\n

\"\"<\/p>\n

Savills<\/a> is the most pessimistic of our forecasters, noting that, \u201calthough there are early indicators that sentiment is beginning to pick up across all the prime regions, there remains a lack of urgency among buyers\u201d. It blames London\u2019s lacklustre market for affecting prime residential property more widely, arguing that it \u201ccurrently looks fully valued and fully taxed\u201d. Medium term, \u201cin London, the fundamentals of wealth generation support medium-term price growth,\u201d it says.<\/p>\n

Jones Lang LaSalle<\/a>, meanwhile, warns of \u201cadditional uncertainty\u201d with the \u201cspectre of additional taxation or other intervention a possibility\u201d in 2016, and worries over the EU referendum meaning that market stability is unlikely before 2018.<\/p>\n

Strutt & Parker<\/a>, the most bullish of the forecasters, notes that statistics for the Prime Central London market \u201chide an increasingly polarised market\u201d, with growth at the bottom end and stagnation at the top. While it echoes other agents by noting the effects of stamp duty reforms and the \u201caccumulation of recent tax revisions aimed at high net worth property owners\u201d, it adds that \u201csellers placing properties on the market that are sensibly priced and good quality will continue to do well\u201d.<\/p>\n

<\/a>Black Bricks\u2019 view \u2013 what\u2019s hot for 2016<\/p>\n

\"whats-hot-for-2016\"Despite the latest curveball from the Chancellor, we anticipate another busy year in 2016, particularly in the run up to April, although the cumulative effect of various tax changes are likely to make different areas popular with our clients.\u00a0Two themes will, we believe, drive activity in 2016:<\/p>\n

The stamp duty ripple effect: <\/strong>As we have discussed, changes to stamp duty have made \u00a32 million-plus homes much less attractive than cheaper properties. We are seeing buyers deterred by high prices and taxes in central London looking to hitherto overlooked parts of the capital. Tooting <\/strong>and Streatham <\/strong>in South London, for example, boast large volumes of substantial Victorian properties that offer attractive family homes for a fraction of the cost of central London postcodes, as well as good transport links into town. Because of our relatively low search minimum of \u00a3500,000, these are areas that we already cover for clients.<\/p>\n

Croydon,<\/strong> meanwhile, is also attracting growing interest. It has benefitted from significant regeneration investment in recent years, and is becoming a technology hub, while a Westfield shopping mall is due to open in 2017. It is also only 20 minutes from Victoria and London Bridge.<\/p>\n

In more prime areas, according to latest research from Knight Frank<\/a>, Knightsbridge<\/strong> is leading the way in terms of price drops compared with the other prime residential boroughs. The area is now showing negative price growth (a drop of 4.5% in the 12 months to Oct 2015).\u00a0 One of the most desirable residential areas of the capital, you won\u2019t find a huge amount for lower budgets, but with values falling, 2016 may be the year to snap up a bargain in the area.<\/p>\n

London emigres look east<\/strong>: The arrival of children often sends London-dwellers further afield in the search for larger properties and more open space. In the past, with the locus of the city to the west, these London emigres often looked to Oxfordshire or the Cotswolds.<\/p>\n

However, with the emergence of east London \u2013 Shoreditch, Islington and even Docklands \u2013 as prime residential areas, we expect to see the next generation of ex-Londoners to consider locales that are, relatively speaking, on their doorsteps. We believe east Kent<\/strong> is likely to prove popular, especially when you consider the price differential between it and towns in Surrey, for example. Consider our recent acquisition for a client near Hadlow.<\/p>\n

<\/a>Property acquisitions of the year \u2013 three of the best<\/p>\n

So far this year, Black Brick has advised on over 33 transactions spread right the way across London, from Shoreditch and the City Fringe in the East, to Shepherds Bush in the West, Hampstead and St Johns Wood in the North down to Battersea in the South. We have battled hard for our clients, saving on average an impressive 5% discount from the asking price of properties.<\/p>\n

For this edition of the newsletter, we\u2019d like to highlight three of our standout acquisitions this year.<\/p>\n

Top 3 Acquisitions of 2015:<\/strong><\/p>\n

\"the-factory\"The Factory, N1 <\/strong>Our client was a high profile figure in the music industry, looking for specialist advice and confidentiality. They were looking for a flat with privacy and security, as well as open-plan spaces and a \u2018wow\u2019 factor.\u00a0The initial search area was across the whole of north and east London but, after educating our client about the merits of certain areas, settled on Shoreditch, where we found a suitably funky warehouse conversion. We were able to negotiate \u00a3200,000 off the \u00a31.65 million asking price, and we also secured a private parking place as part of the deal.<\/p>\n

 <\/p>\n

\"tv-centre\"<\/a><\/p>\n

Television Centre, W12<\/strong> We have closed not one but six transactions for clients in this off-plan development this year. The off-plan\/new build market is a minefield for most buyers and investors, given the range of options across London, and the need for in-depth market knowledge about how they are likely to perform when completed. \u00a0We like this development for a number of reasons \u2013 its transport links, proximity to the Westfield shopping centre, investment going in from Imperial College, opening of a new Soho house hotel and private members club and the fact the BBC will continue to be on site, all make it compelling. It is also relatively low density. Furthermore, we achieved an attractive rate, at circa \u00a31,000 per square foot, which we feel is good value for a development of this quality and in this location. We also leveraged our contacts to get our clients in early, securing the best units before the development\u2019s UK launch.<\/p>\n

\"culford-gardens\"Culford Gardens, SW3<\/strong><\/a> The challenge, here, was finding a dog-friendly apartment for two returning British ex-pats. They were also looking for plenty of natural light and a location close to the shops, cafes and restaurants of Chelsea\u2019s Kings Road.\u00a0The property identified, however \u2013 a south-facing top-floor three-bedroom flat in Culford Gardens \u2013 was highly sought after, given its location and the quality of the \u00a33.2 million property. However, our relationship with the agent secured us a two-week window of exclusivity. That allowed us to complete negotiations and exchange contracts, preventing the sale going to a competitive auction.<\/p>\n

 <\/p>\n

<\/a>On the other side: top managed sale of the year<\/p>\n

\"12e-bolton-gdns-recep\"Bolton Gardens, South Kensington SW5<\/a> <\/strong>While we primarily act for buyers, our team can also assist in selling properties. Our Canadian client approached us having had his property tenanted and managed by us for a number of years, he decided he wanted to sell and release some equity in order to buy a larger home outside of London.\u00a0As the property had been a rental investment, our advice was to embark on a focused refurbishment program, which we managed for our client, to ensure that the apartment would attain its full value when brought to the market.\u00a0Our client was delighted when the property achieved \u00a375,000 above the guide price of \u00a32 million given by the selling agents who appraised it prior to sale.\u00a0The sale shows the difference we were able to make with our understanding of the market, our knowledge of which estate agents to work with, and the correct attention to properly \u201cdressing\u201d a property.<\/p>\n

<\/a>And finally, Happy Christmas!<\/p>\n

\"happy-christmas\"Finally, we would like to thank all our clients and introducers for their custom and support in 2015, and we wish you all a merry Christmas and a happy and prosperous new year. We look forward to working with you all in 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"

Chancellor\u2019s stamp duty surprise set to trigger property scramble As is customary for this Chancellor of the Exchange, his latest budget contained plenty of surprises for property buyers. George Osborne\u2019s latest bombshell, in November\u2019s Autumn Statement, is a planned 3 percentage point hike in stamp duty charged on buy-to-lets and second homes.\u00a0The move, predictably, drew […]<\/p>\n","protected":false},"featured_media":2245,"template":"","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","inline_featured_image":false,"ghostkit_customizer_options":"","ghostkit_custom_css":"","ghostkit_custom_js_head":"","ghostkit_custom_js_foot":"","ghostkit_typography":""},"tags":[],"class_list":["post-3389","market-update","type-market-update","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nDecember 2015 | Property Market Update | Buying Agents | Black Brick<\/title>\n<meta name=\"description\" content=\"Check out our market report for December 2015 featuring industry news, advice and our picks of the month for rental and sale properties.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.black-brick.com\/en-ae\/insights\/market-update\/december-2015\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"December 2015 | Property Market Update | Buying Agents | Black Brick\" \/>\n<meta property=\"og:description\" content=\"Check out our market report for December 2015 featuring industry news, advice and our picks of the month for rental and sale properties.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.black-brick.com\/insights\/market-update\/december-2015\/\" \/>\n<meta property=\"og:site_name\" content=\"Black Brick\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-21T14:25:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.black-brick.com\/wp-content\/uploads\/2021\/02\/Fotolia_84419024_Subscription_Monthly_XXL.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"205\" \/>\n\t<meta property=\"og:image:height\" content=\"136\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"13 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.black-brick.com\\\/insights\\\/market-update\\\/december-2015\\\/\",\"url\":\"https:\\\/\\\/www.black-brick.com\\\/insights\\\/market-update\\\/december-2015\\\/\",\"name\":\"December 2015 | Property Market Update | Buying Agents | Black Brick\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.black-brick.com\\\/en-ae\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.black-brick.com\\\/insights\\\/market-update\\\/december-2015\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.black-brick.com\\\/insights\\\/market-update\\\/december-2015\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.black-brick.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/Fotolia_84419024_Subscription_Monthly_XXL.jpg\",\"datePublished\":\"2015-11-30T15:15:32+00:00\",\"dateModified\":\"2026-01-21T14:25:26+00:00\",\"description\":\"Check out our market report for December 2015 featuring industry news, advice and our picks of the month for rental and sale properties.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.black-brick.com\\\/insights\\\/market-update\\\/december-2015\\\/#breadcrumb\"},\"inLanguage\":\"en-AE\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.black-brick.com\\\/insights\\\/market-update\\\/december-2015\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AE\",\"@id\":\"https:\\\/\\\/www.black-brick.com\\\/insights\\\/market-update\\\/december-2015\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.black-brick.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/Fotolia_84419024_Subscription_Monthly_XXL.jpg\",\"contentUrl\":\"https:\\\/\\\/www.black-brick.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/Fotolia_84419024_Subscription_Monthly_XXL.jpg\",\"width\":205,\"height\":136},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.black-brick.com\\\/insights\\\/market-update\\\/december-2015\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.black-brick.com\\\/en-ae\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"We're Insightful\",\"item\":\"https:\\\/\\\/www.black-brick.com\\\/insights\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Market Updates\",\"item\":\"https:\\\/\\\/www.black-brick.com\\\/en-ae\\\/insights\\\/market-update\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"December 2015\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.black-brick.com\\\/en-ae\\\/#website\",\"url\":\"https:\\\/\\\/www.black-brick.com\\\/en-ae\\\/\",\"name\":\"Black Brick\",\"description\":\"We\u2019re your unfair advantage\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.black-brick.com\\\/en-ae\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.black-brick.com\\\/en-ae\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-AE\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.black-brick.com\\\/en-ae\\\/#organization\",\"name\":\"Black Brick Property Solutions\",\"url\":\"https:\\\/\\\/www.black-brick.com\\\/en-ae\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AE\",\"@id\":\"https:\\\/\\\/www.black-brick.com\\\/en-ae\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.black-brick.com\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/bb-mobile-logo.svg\",\"contentUrl\":\"https:\\\/\\\/www.black-brick.com\\\/wp-content\\\/uploads\\\/2021\\\/01\\\/bb-mobile-logo.svg\",\"width\":\"1024\",\"height\":\"1024\",\"caption\":\"Black Brick Property Solutions\"},\"image\":{\"@id\":\"https:\\\/\\\/www.black-brick.com\\\/en-ae\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"December 2015 | Property Market Update | Buying Agents | Black Brick","description":"Check out our market report for December 2015 featuring industry news, advice and our picks of the month for rental and sale properties.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.black-brick.com\/en-ae\/insights\/market-update\/december-2015\/","og_locale":"en_US","og_type":"article","og_title":"December 2015 | Property Market Update | Buying Agents | Black Brick","og_description":"Check out our market report for December 2015 featuring industry news, advice and our picks of the month for rental and sale properties.","og_url":"https:\/\/www.black-brick.com\/insights\/market-update\/december-2015\/","og_site_name":"Black Brick","article_modified_time":"2026-01-21T14:25:26+00:00","og_image":[{"width":205,"height":136,"url":"https:\/\/www.black-brick.com\/wp-content\/uploads\/2021\/02\/Fotolia_84419024_Subscription_Monthly_XXL.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"13 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.black-brick.com\/insights\/market-update\/december-2015\/","url":"https:\/\/www.black-brick.com\/insights\/market-update\/december-2015\/","name":"December 2015 | Property Market Update | Buying Agents | Black Brick","isPartOf":{"@id":"https:\/\/www.black-brick.com\/en-ae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.black-brick.com\/insights\/market-update\/december-2015\/#primaryimage"},"image":{"@id":"https:\/\/www.black-brick.com\/insights\/market-update\/december-2015\/#primaryimage"},"thumbnailUrl":"https:\/\/www.black-brick.com\/wp-content\/uploads\/2021\/02\/Fotolia_84419024_Subscription_Monthly_XXL.jpg","datePublished":"2015-11-30T15:15:32+00:00","dateModified":"2026-01-21T14:25:26+00:00","description":"Check out our market report for December 2015 featuring industry news, advice and our picks of the month for rental and sale properties.","breadcrumb":{"@id":"https:\/\/www.black-brick.com\/insights\/market-update\/december-2015\/#breadcrumb"},"inLanguage":"en-AE","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.black-brick.com\/insights\/market-update\/december-2015\/"]}]},{"@type":"ImageObject","inLanguage":"en-AE","@id":"https:\/\/www.black-brick.com\/insights\/market-update\/december-2015\/#primaryimage","url":"https:\/\/www.black-brick.com\/wp-content\/uploads\/2021\/02\/Fotolia_84419024_Subscription_Monthly_XXL.jpg","contentUrl":"https:\/\/www.black-brick.com\/wp-content\/uploads\/2021\/02\/Fotolia_84419024_Subscription_Monthly_XXL.jpg","width":205,"height":136},{"@type":"BreadcrumbList","@id":"https:\/\/www.black-brick.com\/insights\/market-update\/december-2015\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.black-brick.com\/en-ae\/"},{"@type":"ListItem","position":2,"name":"We're Insightful","item":"https:\/\/www.black-brick.com\/insights\/"},{"@type":"ListItem","position":3,"name":"Market Updates","item":"https:\/\/www.black-brick.com\/en-ae\/insights\/market-update\/"},{"@type":"ListItem","position":4,"name":"December 2015"}]},{"@type":"WebSite","@id":"https:\/\/www.black-brick.com\/en-ae\/#website","url":"https:\/\/www.black-brick.com\/en-ae\/","name":"Black Brick","description":"We\u2019re your unfair advantage","publisher":{"@id":"https:\/\/www.black-brick.com\/en-ae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.black-brick.com\/en-ae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-AE"},{"@type":"Organization","@id":"https:\/\/www.black-brick.com\/en-ae\/#organization","name":"Black Brick Property Solutions","url":"https:\/\/www.black-brick.com\/en-ae\/","logo":{"@type":"ImageObject","inLanguage":"en-AE","@id":"https:\/\/www.black-brick.com\/en-ae\/#\/schema\/logo\/image\/","url":"https:\/\/www.black-brick.com\/wp-content\/uploads\/2021\/01\/bb-mobile-logo.svg","contentUrl":"https:\/\/www.black-brick.com\/wp-content\/uploads\/2021\/01\/bb-mobile-logo.svg","width":"1024","height":"1024","caption":"Black Brick Property Solutions"},"image":{"@id":"https:\/\/www.black-brick.com\/en-ae\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/www.black-brick.com\/en-ae\/wp-json\/wp\/v2\/market-update\/3389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.black-brick.com\/en-ae\/wp-json\/wp\/v2\/market-update"}],"about":[{"href":"https:\/\/www.black-brick.com\/en-ae\/wp-json\/wp\/v2\/types\/market-update"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.black-brick.com\/en-ae\/wp-json\/wp\/v2\/media\/2245"}],"wp:attachment":[{"href":"https:\/\/www.black-brick.com\/en-ae\/wp-json\/wp\/v2\/media?parent=3389"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.black-brick.com\/en-ae\/wp-json\/wp\/v2\/tags?post=3389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}