Stamp duty change set to boost house prices, experts say
The first of two autumn statement stories. This imaginative and most interesting feature of the autumn statements will put the mortgage cat amongst the housing pigeons – without it knocking on to more housebuilding however I wonder if it will have much impact on rural communities in terms of housing stock? The article tells us:
A surprise change to the stamp duty system is likely to provide a fresh boost to the housing market and lead to higher prices for homes where the tax will be cut, property experts have warned.
George Osborne’s unexpected announcement on the home-buying tax meant estate agents were on Wednesday scrambling to complete deals on properties at the top end of the market, where buyers now face far bigger costs designed to help offset an £800m reduction in bills on lower-priced homes.