Page 30 - Nick Leeming News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Overseas buyers purchasing property in England and Northern Ireland are now subject to a 2 per cent stamp duty surcharge. The new tax introduced from 1 April will mean international buyers will pay an additional amount equivalent to 2 per cent of the purchase price. The new surcharge will work alongside the 3 per cent surcharge already in place for anyone buying a second property in the UK, meaning an overseas investor who already owns another property anywhere in the world will be liable for both and see 5 per cent added to standard stamp duty levels. For an overseas buyer who already owns a...

The average house price nudged past £250,000 in February 2021 The North West saw biggest annual boost at 11.9%, said the ONS Transactions doubled to more than 190,000 last month compared to a year ago Buyers are still being driven by a desire for space and the stamp duty holiday - but demand could start to slow by the autumn, according to property experts 

The average asking price for a home in the UK increased in the first two weeks of March, as the number of people enquiring about available properties broke the all-time record.

“Huge relief” Property platform Zoopla estimated that the extension to June means a further 234,000 buyers who have already agreed a sale will save an estimated £987m on stamp duty. Rightmove property expert Tim Bannister said the extension will be a “huge relief for those people who have been going through the sales process since last year and were always expecting to make use of the stamp duty savings”. “Our recent data shows one in five sales that were agreed in the same month the stamp duty holiday was first announced in July last year still haven’t completed, so this additio...

An extra 300,000 house sales could beat the new June stamp duty holiday deadline, according to forecasts by property website Rightmove.