£10,000 Property Reduction Caused By Consecutive Monthly Price Falls
Rightmove’s December property index has found that two consecutive and significant property price drops has meant that properties are now £10,000 cheaper than they were three months ago. The price of property coming into the market at present is 1.5% cheaper than it was in November, this equates to a reduction of £4,496. Alongside November’s […]
Southern Buyers Prosper Most From Stamp Duty Exemption
Data released from HMRC has highlighted that Southern first-time buyers (FTBs) are more likely to benefit from Stamp Duty Land Tax exemptions because more northern properties fall below the £300,000 threshold set out in the November 2017 budget. HMRC had reported that 58,800 FTBs claimed first-time buyer relief (FTBR) in the third quarter of 2018. […]
Foreign Buy-To-Let Investor Market Shrinking
At the start of October, Theresa May used the Conservative Party Conference to announce plans to increase the Stamp Duty Land Tax on foreign buyers. The policy aims to increase the current additional tax from 1% to 3%. During the unveiling of the new tax, the Prime Minister claimed that 13% of London based homes […]