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Article: [pounds sterling]13,000; That's the average cost of moving house in capital.
- Article from:
- The Evening Standard (London, England)
- Article date:
- April 20, 2006
CopyrightCOPYRIGHT 2006 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MOVING up the property ladder in London costs an average of at least [pounds sterling]13,000, figures show today.
The plight of first-time buyers struggling to buy a home is well documented, but today's research highlights the high cost of moving on.
The figures from the Woolwich show that selling a modest [pounds sterling]150,000 flat costs just over [pounds sterling]3,000 once legal costs and estate agent's fees have been taken into account.
Then moving to a property worth [pounds sterling]300,000 - the current average price of a home in London - costs another [pounds sterling]10,000 after stamp duty and legal, land registry and search fees ...