@bobbyfijan I disagree, over time lower barriers to entry (permitting time lag etc) bring more participants in to market, more building, higher supply price falls. It obviously wont fall the ENTIRE amount of the saving but it wil lfall
@proptechpioneer Ashley dont get me wrong. 1 2 and 4 huge issues...but first home SDLT and crazy surcharge on property investors have both killed market
@proptechpioneer 35k is mad cost..add agent lawyer etc and every move is 50k...if its your primary home there should be NO SDLT and for sure first time relief should be higher than 500k...its primary cause of stagnation in market
@proptechpioneer You also cant mortgage SDLT cost..so if you scrape together 5-10% deposit...you now will never be able to buy anything that fits your family so you either rent or move out of London..buy you also need a job..
@DagenhamD@proptechpioneer Mate russian money isnt buying a 700k home in London zone 3-4...hard working couple is..paying good taxes and struggling to raise 2 kids. The cost of moving is prohibitive. Stamp duty is a year of rent..they have completely stagnated market