Category: Residential Property

 

Cut in stamp duty for first time buyers

Housing is in the spotlight with the November Budget, with £15.3 billion new financial support for house building over the next five years, with the Government setting aside £1.2 billion to buy land and £2.7 billion for related infrastructure. The Government also announced plans to create five new so-called ‘garden’ towns, and a headline-grabbing cut in stamp duty for first time buyers.

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Brexit and the housing market

You will no doubt recall that following Brexit the ‘Remainers’ predicted that property prices would crash and we would be thrown into another era of property repossessions, negative equity and stagnant housing market. The foreboding predictions have not happened and whilst they may have been avoided in the short term, this does not mean we are out of the woods yet.

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