Zoopla worried :)

HAMISH_MCTAVISH

brit1234 wrote: »

You say it will have no effect, I say it will. Lets see this Summer.

And when it doesn't, like the last 100 things you claimed would and didn't, will you agree to pipe down and stop trolling?

the_flying_pig

I don't much like stamp duty. I don't understand why it's ok to tax moving home so heavily. It disproportionately hits people in their 20s and 30s. £2m is a hell of a lot of money but a fair proportion of people buying in that bracket (as opposed to people owning in that bracket, a group that includes a few ordinary enough older people who are only rich by virtue of an accident of geography & their birthdate) needed a good amount of talent and/or hard work to get there. The EAs' comments are hilarious, though. Incredibly clueless. The idea of £2m+ pwoperdees as the goose that laid the golden eggs is more than a little absurd.

brit1234

Adam Challis, head of research at Hamptons International, the estate agent, said the stamp duty increase could devalue 400 properties now likely to be marketed below the £2 million mark.

http://www.telegraph.co.uk/finance/personalfinance/how-budget-affect-me/9158448/Budget-2012-stamp-duty-rises-to-seven-per-cent-on-mansions.html

The bragging international estate agents who have been bragging for years suddenly have had the smile wiped off their faces. Can't wait for the Frank Knight and Savils statements.:rotfl:

the_flying_pig

Devalue 400 properties? I imagine he mentioned that because he thinks readers will see that as a bad thing? But why would you or I care?

FTBFun

brit1234 wrote: »

Really?

So the less demand for central London property won't have an effect. We know already that foreign investors pushed out the traditional domestic well off owners to the likes of Fulham and Chiswick and that pushed other people further out. This stamp duty effect will stop that 2011 ripple and translate to bigger falls all across London.

You say it will have no effect, I say it will. Lets see this Summer.

Which are actually really nice places anyway. I certainly couldn't afford to live there anytime soon and I'm in the top 5% of earners in the UK.

You are really clutching at straws with this one brit.

nollag2006

Does anyone honestly think that someone who could afford a £2m house would really be put off by an extra £40k at the point of purchase?

It's pin money to folks like that.

I honestly cant see it having any effect on the market

kabayiri

nollag2006 wrote: »

Does anyone honestly think that someone who could afford a £2m house would really be put off by an extra £40k at the point of purchase?

It's pin money to folks like that.

I honestly cant see it having any effect on the market

Honestly, no.

EA fees I should imagine are pretty high for this sort of housing anyway. The sellers can try and squeeze them a bit, to sweeten the deal with the buyer.

It's a London issue anyway. It's not going to affect the majority of the country. The hyperbole from people like Wendy is disproportionate to the impact.

Jimmy_31

Mr._Pricklepants wrote: »

50% off by Christmas 2012 :cheesy:

Already happened in some cases

wotsthat

Jimmy_31 wrote: »

Already happened in some cases

but you can't tell us where for security reasons

ess0two

wotsthat wrote: »

but you can't tell us where for security reasons

Thats right,and apartments are 40k a pop.