Miles Shipside comments on today’s stamp duty announcement:

November 22, 2017

Rightmove Director and Housing Market Analyst Miles Shipside comments on today’s stamp duty announcement:

“First-time-buyers should think about acting quickly to take advantage of this stamp duty ban, before the extra demand it creates pushes up prices and starts to eat away at the extra cash this Stamp Duty exemption will free up. The Government has already put buy-to-let landlords on the back foot with its 3% Stamp Duty surcharge, so this extra advantage of no stamp duty gives first-time-buyers an extra edge.

“Speed and getting in early is important for aspiring first-time-buyers because supply of suitable properties is limited due to insufficient numbers of new build property in this sector over the last decade. To take advantage of the initial momentum this will generate, owners of properties that are suitable for first-time buyers should think about coming to market if they have been thinking about making a move up the ladder themselves.”

Rightmove

UK Property news updates shared directly from Rightmove PLC - the country's leading property portal.

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