Friday, 19 January 2018

Stamp Duty Change To Have Limited Impact As New Buyer Interest Drops Further

The UK housing market continued to display a lack of momentum in December, with buyer interest edging lower. Changes to Stamp Duty for first time buyers are having little immediate effect, according to the December 2017 RICS UK Residential Market Survey. Briefly;
§  86% of respondents report no response yet from first time buyers following changes to Stamp Duty
§  Buyer interest edges lower as sales and new instructions continue to decline
§  However, the twelve-month outlook for prices and sales is more upbeat
Read more on the RICS website.

http://www.rics.org/uk/news/news-insight/press-releases/stamp-duty-change-to-have-limited-impact-as-new-buyer-interest-drop-further/

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