Stamp duty changes slowing first-time buyer market

2nd March 2018

Estate agents have warned that stamp duty changes are slowing down the first-time buyer property market. Mark Hayward, chief executive of the National Association of Estate Agents, said many people are now choosing to wait and save for a larger property, in order to reduce their tax bill and maximize on the new stamp duty exemption: "They're skipping the 'first time home' and moving straight on to their second homes, to avoid growing out of their property in four or five years.” The start of 2018 saw sales for the group fall by 5% from December.

The Daily Telegraph (27/02/2018)