sophia Posted September 2, 2008 Share Posted September 2, 2008 (edited) Just announced on Nolan Show - Stamp Duty Holiday - Threshold now 175k(12months) Edited September 2, 2008 by sophia Quote Link to comment Share on other sites More sharing options...
BelfastVI Posted September 2, 2008 Share Posted September 2, 2008 That was good of Nolan Quote Link to comment Share on other sites More sharing options...
sophia Posted September 2, 2008 Author Share Posted September 2, 2008 this news will defo prop up the market! DB you beat me to it also!!! Quote Link to comment Share on other sites More sharing options...
Leapforth Posted September 2, 2008 Share Posted September 2, 2008 So the housing market starts to collapse and the stamp duty receipts dry up and suddenly the government are falling over themselves to 'help first time buyers.' WHAT CRAP, where was the government when the market was booming and f***ing speculators were buying up entire streets of FTB homes and sending the price of housing stock into orbit. Do these people take us for total idiots, they did nothing to restrict multiple home ownership or irresponsible lending, half of them are in the BTL market themselves!! Sickening, especially if you've already paid a small fortune in stamp duty in the past two years. Quote Link to comment Share on other sites More sharing options...
trebor21 Posted September 2, 2008 Share Posted September 2, 2008 And will all 200k houses now fall to 175k to beat the tax???? I think it will beused in negotations Quote Link to comment Share on other sites More sharing options...
sophia Posted September 2, 2008 Author Share Posted September 2, 2008 I think it will beused in negotations Yes, I think so too, especially in a falling market. I'm not sure though that sellers will be dropping their prices below the 175k threshold to get a sale if the property is priced much higher and has already been reduced. Take for example the 250k 3% stamp duty threshold - there is alot of property on the market for 250k> when now they would be lucky if they get it sold at 180k. But people still seem to be reluctant to even drop down below the 250k asking price? I don't understand the mentality of sellers....are they still in denial? Quote Link to comment Share on other sites More sharing options...
MrFox Posted September 2, 2008 Share Posted September 2, 2008 If prices keep dropping at 2% per month im saving the price of the stamp duty and more every month, why cant people see this? I think ill just wait until prices stop falling...... Quote Link to comment Share on other sites More sharing options...
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