Wednesday, March 21, 2012

Flatliners

Estate agents warn that stamp duty raid could hit all homeowners

Estate agents have warned a stamp duty raid on £2 million homes could hit all homeowners and buyers by triggering a slowdown in the areas of the property market which have been vital to supporting prices.

Posted by dill @ 04:03 PM (2062 views)
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3 thoughts on “Flatliners

  • “But Peter Rollings, chief executive of estate agent Marsh and Parsons, said: “Not only will this policy disproportionately target London, where house prices are in a league of their own, it risks killing the goose that lays the golden egg.”

    Whose “Golden Egg” would that be then Peter?

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  • mark wadsworth says:

    They are completely and utterly wrong, but if they’re right and prices fall as a result, then great. What a bunch of idiots. They should be campaigning for LVT because of all the up and downsizing which would ensue.

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  • sibley's b'stard child says:

    Excellent, in other words VIs well aware that only central London is preventing the major indices from tanking are concerned that a downward push (debateable but there you go) via the stamp duty change will show the UK property market for what it is.

    ‘London homes have been vital in keeping average prices up, with the capital often viewed as the most “healthy” and stable area at a time when the housing market generally remains weak and patchy.’

    So there you go, high house prices are good; falling prices are bad.

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