The East Midlands is the 3rd highest. Up over 10% in the last year. Who’d have thought that.
The Govt should be getting involved by building more social housing and enforcing more affordable housing be included on new projects.Government meddling in house prices (and therefore rents too) has never worked other than to help those with cash to exploit the changes in the market to their advantage.
The governments responsibility should be limited to balancing demand and availability in general terms. Leave the rest to the market.
It's an optional tax, if you don't buy another house, you don't have to pay it.Yeah, let’s all pay more tax
It won’t affect me one bit. I do want to move out of Dagenham but realistically not for a couple of years.It's an optional tax, if you don't buy another house, you don't have to pay it.
It's market manipulation, rishi did it to stave off house price crash due to brexit and covid, and as i said before it disproportionately benefits current home owners looking to move up, the bigger the house the more you save. Who does that benefit the most?
If he doesn't extend it past March 31st, house sales will dry up in the second half of the year. Estate agents are already pushing for it to continue.
No it should not.The Govt should be getting involved by building more social housing and enforcing more affordable housing be included on new projects.
Hadn't thought about it specifically, bought our current home just over 3 years ago so in that case paid about £10k over the top.Do you count the stamp duty holiday as a subsidy?
That is true Club Book but the answer is not to subsidise 'some' houses.It's not meddling. There's plenty of demand but first time buyers can't afford to get on the property ladder.
May well have been true once SF, but not so much now with punitive taxation and more red tape and restrictions.Sadly in places like Bournemouth there is a lot of flat building but it goes straight to the buy-to-let market.
Have you considered Airbnb? Capitalist bastardGiven our recent thoughts of heading back to Spain, we looked into renting our flat, rent values are pretty standard, roughly 5% of the property value gross but with tax, management fees and other expenses the returns are not that great.
Reduce demand then.Too many houses being built on flood planes and greenbelt, council houses should never have been sold off by local Government. It is imposable to meet demand now with the lack of trade skills and suitable land.
I totally agree , but no one in power listens, I was working on a house last year looking out on beautiful fields only to be told they were all marked for building on in the next few years. It does not matter that we do not have the infrastructure or schools to accommodate. Villages are being joined together and there culture and history lost.Reduce demand then.
Stop importing people by the hundreds of thousands, the population of Newcastle every 5-6 months!
Start training our own engineers and builders, tradesmen too, stop relying on cheap imports.