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So,
Gordon's announced a stamp duty holiday to rescue the housing market. All properties £175,000 and below will be exempt for the next 12 months.
I have to say that from where we operate in London, that is about as useful as a chocolate fireguard. Great if you live up north, but the capital's economy won't benefit in the least.
It would have been far more useful to have raised the 3% threshold from £250,000 to £300,000 - that would have really helped first time buyers in the cities.
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1 comment:
While the suspension to stamp duty is welcome its hard to disagree that this will be of little use to buyers in the south east.
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