First-time buyers ignore Stamp Duty holiday...

30 April 2010

2208 Reads
5 Comments

Written by rosalind renshaw

Stamp Duty tax breaks have failed to gain traction as far as first-time buyers are concerned.

Rightmove reported today that first-time buyers have not been tempted into the home-buying market, despite the tax break, with most thinking it is not a good time to buy.

Rightmove says that in a normal market, 40% of purchasers are first-time buyers.

It says that hopeful first-time buyers now represent only 26% of the market.

Comments

- Ben
The surveyors are not valuing up properties, we have had every property down value by £20k in the last two months. I even had colleys value a 1 bed flat for £115k then 2 months later value an identical flat in same building, same floor, same size at £100k, so are they saying the market has gone down.

I have now BANNED colleys and valunation from our offices over poor valuing, when other surveyors such as abbey/ santerder, c&g in house value £20k - £30k different!
- 04 May 2010 12:40 PM
- old agent
perhaps we should use different portals to RM, we finf fish for homes very good £50 a month and equally as good
- 02 May 2010 19:53 PM
- gavin ward
thanks for another kick in the nuts Shipside, maybe you might want to start commentating on portal and internet related stuff for a change?
- 30 April 2010 10:31 AM
- propertywizzard
this should come as no surprise, to offer a reduction only to first time buyers who have never purchased before alienates a large sector of the market place where people/couples sell there own places and buy together, many midland cities still offer huge amounts of property below £250.000 HOWEVER THE REAL PROBLEM IS STILL THE BANKS MAKING LENDING SO IMPOSSIBLE FOR FIST TIME BUYERS
- 30 April 2010 10:28 AM
- surprise
How can they ignore something that they have no idea of and I can count (in my area) the number of first times buyers that could afford over £125k on one hand in the first place! What a load of b*****ks
- 30 April 2010 09:21 AM