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Opinions on buying a flat in London in the next year

taracauc · 2015-05-14 10:41:23

A few people on here have said that right now the housing market in London is inflated and it would be wise to wait until housing prices come down. I'd love to hear a few more opinions on this. Is the London market likely to cool off? Would it be wise to wait a year or 2?

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Surrey_EA Posts: 2,051 Forumite

15 May 2015 at 10:46AM

cloo wrote: »

Threat of mansion tax removed, I guess, helps top of market. I know it was stopping some people from selling, such as my in-laws who have a house that could breach the £2m mark within a few years (and they're not mega rich, they've just been there a long time).

Stamp duty is such a big consideration at this level though. I'm seeing a lot more people staying in their current property and extending rather than move, primarily at the top end of the market, due to the cost of moving.

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Opinions on buying a flat in London in the next year

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