18 Nov 2009 Tell a Friend
A fairer and transparent system is needed that doesn't discriminate against young and first time home buyers, and promotes an effective housing market."
According to the Rightmove House Price Index, the average UK home cost £162,038 in October 2009, a rise of 0.4% from September. This clearly indicates that should the Stamp Duty threshold revert to its previous level of £125,000, a large number of first time buyers will still be liable. Considering that property deposits are now far higher than they have been in recent years, it is unsurprising that a lull in the market is expected at the start of next year. In order to keep the property market in a state of recovery, it is essential for new home purchases to remain financially viable for first time buyers.