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Debate House Prices
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Stamp duty holiday over
SecondLegDownIsTheBigOne
Posts: 334 Forumite
the temporary tax relief for first-time buyers will end on 24 March 2012, as planned. Mr Osborne said it had not been effective in encouraging more buyers.
We can all agree that it failed to encourage buyers. But will it's end encourage more price drops? I think so.
The next leg down is upon us.
1. The house price crash will begin.
2. There will be a dead cat bounce.
3. The second leg down will commence.
4. I will buy your house for a song.
2. There will be a dead cat bounce.
3. The second leg down will commence.
4. I will buy your house for a song.
0
Comments
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i don't think it will make a whole lot of difference to be honest.0
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The worst impact would be a 1% drop in affordability for a FTB, as they make up only part of the market (and some buy under the £125k threshold) then maybe we would see a knock on impact of what 0.2% tops, probably less.
An extra grand to find on top of the deposit would be what an extra month or two saving for an FTB couple, so a slippage of a month or so.
Not going to have any serious impact, I wouldnt have thought.0 -
I took advantage of this which meant a saving of £1,780. Not a big deal in the grand scheme of things.0
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