22nd Sept '08 - Market Slowdown Due To Stamp Duty Quibbles
Posted on Monday, September 22nd, 2008 at 12:10pm
In news that may interest those with secured loans, there has been a slowdown in housing sales as a result indecision over stamp duty, it has been claimed.
According to the National Association of Estate Agents (NAEA), buyers have shied away from buying houses due to concerns over whether or not they would have to pay stamp duty.
"[August] was a month of indecision and this evidently has had a profound effect on the market, as many consumers adopted a wait and see attitude whilst waiting for a decision from the government on stamp duty," said Chris Brown, president of the NAEA.
The organisation noted a drop in the number of houses for sale, the number of sales agreed and the percentage of first time buyers.
As opposed to selling up and moving on, consumes may wish to consider taking out a secured loan to help cover the cost of any renovations on a property.
According to the National Association of Estate Agents (NAEA), buyers have shied away from buying houses due to concerns over whether or not they would have to pay stamp duty.
"[August] was a month of indecision and this evidently has had a profound effect on the market, as many consumers adopted a wait and see attitude whilst waiting for a decision from the government on stamp duty," said Chris Brown, president of the NAEA.
The organisation noted a drop in the number of houses for sale, the number of sales agreed and the percentage of first time buyers.
As opposed to selling up and moving on, consumes may wish to consider taking out a secured loan to help cover the cost of any renovations on a property.
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