Friday, February 1, 2013
FTBs shoot themselves in the foot.
A strange year for first-time buyers saw numbers hit 24,200 in March 2012 to beat the Stamp Duty deadline. The following month, however, numbers virtually halved to just 12,200. Ironically, those first-time buyers trying to save Stamp Duty on their purchases really paid for it: Marchâ€™s average purchase price of Â£147,713 was the highest that first-time buyers paid all year. Had those first-time buyer waited another month and paid Stamp Duty, they could have been quids in, with the average price tumbling to Â£123,694