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Debate House Prices


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Stamp duty!

Does anyone think the goverment will suspend stamp duty in future, to get people buying again?
«13

Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It's not stamp duty that stops people buying, it's the high cost of the property to start with.
  • You are Kirsty Allsop and I claim my £5 ;)
  • Stamp Duty is all well and good, but when you can't get a mortgage anyway its a bit irrelevant.
  • goldy26 wrote: »
    Does anyone think the goverment will suspend stamp duty in future, to get people buying again?

    i hope they put the stamp duty back to 125k so the homes im looking at around the 130k mark will get some more downward pressure on their asking price.
  • Good, though selfish, thinking Pandamonia. :T :T :T
    ...............................I have put my clock back....... Kcolc ym
  • Zelie
    Zelie Posts: 773 Forumite
    Did something change today that I haven't caught up with?
  • Good, though selfish, thinking Pandamonia. :T :T :T

    i know lol :)
  • I don't think the stalling in the housing market is down to the lack of mortgages or stamp duty or whatever else they tinker with. IMHO it's all ground to a halt because buyers and sellers expectations are quite simply not meeting any more.

    There's a stalemate out there, and until sellers get realistic with what's happened to prices and adjust their expectations accordingly, the majority of buyers are going to hold off purchasing. Total impasse at the moment. No amount of mortgage availability or stamp duty tinkering is going to unblock this one.
  • QTPie
    QTPie Posts: 1,373 Forumite
    moonshine wrote: »
    I don't think the stalling in the housing market is down to the lack of mortgages or stamp duty or whatever else they tinker with. IMHO it's all ground to a halt because buyers and sellers expectations are quite simply not meeting any more.

    There's a stalemate out there, and until sellers get realistic with what's happened to prices and adjust their expectations accordingly, the majority of buyers are going to hold off purchasing. Total impasse at the moment. No amount of mortgage availability or stamp duty tinkering is going to unblock this one.

    I think that you are very right.

    QT
  • pandamonia wrote: »
    i hope they put the stamp duty back to 125k so the homes im looking at around the 130k mark will get some more downward pressure on their asking price.

    What are you talking about?
    Stamp duty is set at 125k :confused:
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