Monday, February 17, 2014

It must be the recovery – Duh!

House prices rise above £250,000 stamp duty threshold

"Rightmove said that asking prices have risen to £251,964 on average in England and Wales, pushing them into the 3pc stamp duty bracket. While in London an 11.2pc increase means that sellers are typically looking to make £541,313 from their properties". Yippee! everyone is well off - What's not to like? says Dave

Posted by alan @ 10:00 AM (3340 views)
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2 thoughts on “It must be the recovery – Duh!

  • We offered precisely a year ago this week (completed in August) and the wife has been trawling to see how much ‘our house has gone up) (as women do – how depressing)..

    Certainly asking prices in this bit of Berkshire are 15-20% up on what they were this time last year ‘helped’ by some big prices paid back end of last year. We bid (& got accepted) at 15% under asking those days are gone I suspect for the foreseeable.

    There are some signs anyway that the 1h to London commuting zone is feeling the heat from people priced out of the capital and we are seeing more of the same tactics (open house, bids etc).

    I can’t see that it’s sustainable though.

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  • Fiscal creep more like. Poor bggrs in London once they go past 35K are at 40% income tax with 20% VAT.

    Its the new benefits trap, except you have to work to get caught up.

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