Stamp Duty Suspension
At last, some good news from the Government.
Today we have heard that Stamp Duty will be suspended on house purchases up to £175,000.
At first glance, this will have little effect on our business, as our typical transaction in Bloomsbury and The City is over £300,000.
But it is good news anyway, as this should bring in some first time buyers at the lower end of the market, which should have an onwards and upwards effect on us eventually.
We have said for some time that it will be around 18 months for things to get better in the property market and today's news could not have come at a better time to start this clock for recovery.
Today we have heard that Stamp Duty will be suspended on house purchases up to £175,000.
At first glance, this will have little effect on our business, as our typical transaction in Bloomsbury and The City is over £300,000.
But it is good news anyway, as this should bring in some first time buyers at the lower end of the market, which should have an onwards and upwards effect on us eventually.
We have said for some time that it will be around 18 months for things to get better in the property market and today's news could not have come at a better time to start this clock for recovery.
posted by Callum Roberts at
3:55 AM
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