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The Budget


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Seems the announcement that first time homebuyers will not have to pay SDLT is likely to result in a rise in property prices, at least at the lower end.

Basic law of economics......obviously one the Gov't know nothing about .....is that you can't artificially increase demand if you don't also increase supply without the action resulting in a price rise.

Remember you heard it here first.

Its good news for me as I'm going to be selling a flat very soon.

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I have to say that I also thought that the SDLT for 1st time buyer's will push up the prices of the lower end of property sales. In fact around my location the lower end property sales are very bouyant at the moment. Lot of people /investor's buying property here who are out of the area. My Daughter keeps me informed on this matter as she is an EA. :D  Hasn't done me any good yet I have to say for a cheap deal.

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