Thursday, March 29, 2012

Spring Bounce!

House prices fall as stamp duty holiday ends

House prices recorded a monthly fall of 1pc in March - its worst monthly fall in two years - as the stamp duty holiday for first-time buyers came to an end, the Nationwide reported.

Posted by hpwatcher @ 02:11 PM (1709 views)
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5 thoughts on “Spring Bounce!

  • happy mondays says:

    Not a good day for property rampers… Sai la vie .. I hope the great news continues throughout 2012.

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  • mark wadsworth says:

    As I was saying, SDLT is borne by the vendor. Yes, the purchaser has the legal liability to pay it, but a reduction in SDLT -> higher selling prices and an increase in SDLT -> lower selling prices. It’s got to do with relative elasticity of supply and demand, whichever is less price elastic bears the tax.

    Lesson over.

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  • I thought monthly figures were meaningless??

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  • mark wadsworth says:

    Phils, any index or survey showing prices going down is completely reliable and a good indicator of an accelerating downward trend in future.

    Any index or survey showing prices going up is just a blip and the result of manipulation of the statistics and can be ignored.

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  • This feels like the start of a significant crash.

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