Prices dropping after stamp duty holiday ends

gld73

In Scotland the LBTT holiday (the Scottish equivalent of stamp duty) ended at the end of March. Certainly in my area there are no signs of house prices dropping as a result   I've seen a few houses come on the market in the last few weeks at (what I consider to be) high prices and selling almost immediately. The new build houses are also being marketed at noticeably higher prices than last year (same design of house on same developments, just the next phases, so comparing like with like).

Maybe in a few months things will dampen down a bit....

Crashy_Time

gld73 said:

In Scotland the LBTT holiday (the Scottish equivalent of stamp duty) ended at the end of March. Certainly in my area there are no signs of house prices dropping as a result   I've seen a few houses come on the market in the last few weeks at (what I consider to be) high prices and selling almost immediately. The new build houses are also being marketed at noticeably higher prices than last year (same design of house on same developments, just the next phases, so comparing like with like).

Maybe in a few months things will dampen down a bit....

Depending on the election result in about three days it could dampen quite a bit IMO.

Crashy_Time

niceguyed said:

Crashy_Time said:

niceguyed said:

Thrugelmir said:

niceguyed said:

SpiderLegs said:

prices will prices will be 30% down by Christmas after SDLT ends and interest rates go up.

 Low interest environment here to stay for the foreseeable. 

Rates can increase without any change in BOE base. 

I wasn't just referring to BOE base. 

What rates were you referring to?

Libor, sofr, swaps......

So are you saying base rate is more or less irrelevant?