It was good whereas it lasted however London’s property market is now going through a spring hangover as the results of the top of the stamp obligation vacation take impact. For instance, a first-time purchaser buying a £550,000 property will see stamp obligation rise from £6,250 to £15,000 within the...
£12k to be added to average first-time buyer stamp duty bill in these boroughs
First-time patrons in components of London should discover a further lump sum of just about £12,000 after April this 12 months, as new stamp obligation guidelines come into impact. That is on high of the £124,700 of the typical starter residence deposit within the capital. Hackney, Haringey, Wandsworth and Richmond-upon-Thames...
Starter home price in every borough as London first-time buyer numbers plummet
The variety of first-time patrons in London has dropped prior to now decade as home costs stay unaffordable, pushing younger individuals and would-be patrons out of the capital.London was the one area the place the variety of individuals taking their first step on to the housing ladder fell (down eight...
London first-time buyers: is 2025 your year to buy a home?
This 12 months may current a window of alternative for Londoners making an attempt to get on the housing ladder as affordability improves to probably the most beneficial ranges seen for 12 years. New analysis reveals that common home costs can be 9.3 instances common earnings this 12 months after...
First-time buyers are paying 8% over asking price for their first home
First-time consumers are paying almost eight per cent over the asking value to safe their first house, based on new information from property brokers Yopa who in contrast common asking costs to common offered costs for first-time purchaser properties.The common asking value for a first-time purchaser house within the UK...