The UK's stamp duty is no longer 'fit for purpose'. David Stubbs at the Royal Institute for Chartered Surveyors (RICS) looks at why the time is now right for urgent reform of the tax.
As a first time buyer stamp duty changes won't make any difference to when I buy. Far more important is watching the big price falls to me. Its far better for us to prices fall 50% from peak back to normal levels.
Supply issues is a myth especially as repossessed buy to lets are flooding the market and immigration is falling as people like the Polish find it more economically attractive to return home.
As a first time buyer stamp duty changes won't make any difference to when I buy. Far more important is watching the big price falls to me. Its far better for us to prices fall 50% from peak back to normal levels.
Supply issues is a myth especially as repossessed buy to lets are flooding the market and immigration is falling as people like the Polish find it more economically attractive to return home.
brit1664 3 years ago