Wednesday, 24 March 2010
MARKET UPDATE FEBRUARY 2010
Again things inching forward, prices remain static, and there are some first time buyers and investors starting to view properties thus helping improve the interest and ultimately sales at the bottom end of the market. Still very slow progress, but better than last year.
MARKET UPDATE JANUARY 2010
Thankfully things picked up fairly quickly after the Christmas lull, with new instructions, viewings and sales all on the up.
BUDGET 2010 UPDATE
Good news!
From the Chancellor's Budget announced today there will be a two year stamp duty land tax relief for first time buyer's for residential property purchases up to £250,000. To pay for this there is an introduction of an additional 5% rate of stamp duty land tax for residential property over £1,000,000 from 2011-2012. There has been an extension of the freeze in the inheritance tax allowance of £325,000 until 2014 - 2015.
From the Chancellor's Budget announced today there will be a two year stamp duty land tax relief for first time buyer's for residential property purchases up to £250,000. To pay for this there is an introduction of an additional 5% rate of stamp duty land tax for residential property over £1,000,000 from 2011-2012. There has been an extension of the freeze in the inheritance tax allowance of £325,000 until 2014 - 2015.
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