Britain's housing market, distorted - Citywire
If you’ve been wondering why that conveyancing solicitor or high-end London estate agent hasn’t been returning your calls this last couple of weeks, it might have had something to do with Stamp Duty.
Anecdotal evidence of wealthy property buyers pushing major purchases through before this week’s hike in Stamp Duty for £1 million+ properties suggests a minor prime property feeding frenzy. They’ve been creative, too. Sale-and-lease-back deals – in which contracts are exchanged and completed but the vendor stays in situ – have enabled families to remain in their homes at least until the end of the school year, and saved buyers 1% of tax payable. Contracts have been drawn up with penalty clauses should the vendors fail to get their acts together in time to beat the deadline. One Hampstead specialist claims to have sold £50m worth of houses in a fortnight.
Oxford Homes Direct are estate agents in Oxford. Letting agents,Oxford. House to rent Oxford. Property for sale Oxford. Flats in Oxford for rent. House for sale Oxford. Apartments for rent Oxford. Find houses Oxford. Rooms to rent Oxford. Homes direct in Oxford. Make the right move & find Oxford apartments, estate agents Oxford. www.oxfordhomesdirect.co.uk Oxford estate agents & Oxford letting agent. Rightmove, Oxford. Primelocation, Oxford. Rightmove, Oxford
No comments:
Post a Comment