|
|
Article: Estate agents: Home buyers getting cold feet over stamp duty
- Article from:
- The Independent (London, England)
- Article date:
- August 9, 2008
- Author:
CopyrightCopyright 2008 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
|
UNCERTAINTY over the future of stamp duty is having a distorting
effect on the housing market, with some sellers wavering over agreed
deals, a survey of estate agents has found.
Just days after rumours circulated over the future of stamp duty,
agents contacted by The Independent said they were being asked about
the situation by confused and worried clients. Some agents said
sellers had already decided to put any deals on hold until the
Government had made clear its plans.
Agents warned that first-time buyers purchasing cheaper
properties could be the worst hit sector of the market, as buyers of
larger houses were more willing to pay stamp duty.
They urged the Government to clear up the ...