Hi Paulone,
I think until the budget in December when we wait and see with cowen reduce the stamp duty from 9% to 5% as suggested by the CIF - what impact this will have?
Angela59
I think until the budget in December when we wait and see with cowen reduce the stamp duty from 9% to 5% as suggested by the CIF - what impact this will have?
Hi howitzer,
The trend at the moment is not to give the asking price which is fair enough - I feel that if I were to reduce by another 4% (which I would be willing to do) but I fear I won't even get that price - I'd probably get another 4% below that again which would be 8% reduction there is only so much of a hit you can take. If a purchaser came in with an offer I'd work with them to reach an agreed price between us. At the moment it is hard to get viewers through door I feel until after christmas. The buyer's stamp duty liability on this house would be 9% -E60,000 - a bit of a hit to take.
Hi Angela
I'm in the opposite camp at the moment.
We are actively looking for a house. The finances are in place and we're ready to act immediately..........................
Only problem is we have absolutely no intention of purchasing anything at current asking prices. Current prices less 20 - 30 % and then we'll buy.
Affordability is not the issue here. The main issue is that houses have risen to such a height that they are too risky to buy. Nobody wants to pay 700K today to see it devalue to 550K tomorrow. Relative to other markets, France,Finland,Germany,Italy,USA we're simply out of kilter for no good reason.
I don't know if we are representative of many others out there but I just thought I'd give you the buyer perspective
You can build a house for x amount but by the time you tile, paint, kitchen, floors, landscape you could add E200,000 on to the price of the new build.
....only so much of a hit you can take.
The main issue is that houses have risen to such a height that they are too risky to buy. Nobody wants to pay 700K today to see it devalue to 550K tomorrow.
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