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Is The Market Really That Bad

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  • ReadySteadyPop
    ReadySteadyPop Posts: 1,745 Forumite
    1,000 Posts Photogenic First Anniversary Name Dropper
    GDB2222 said:
    jimbog said:
    RSP is right, knocking £50K off is a big drop. Are you hoping for a bidding war? Why not try at around the lowest valuation to start off with and see what interest you get
    I think the OP is saying the property is valued at around £2.5 million, in which case £50k is not at all a big drop. 

    There's some speculation that some sort of property value tax (at around 1% a year) may be introduced by the Chancellor, which could hit higher priced properties quite hard. 
    How would it work?
    Nobody knows , it is just speculation 
    Some of the ideas sound quite good.

    https://bmmagazine.co.uk/news/treasury-property-tax-replace-stamp-duty/
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