Ashtons for property & homes for sale or to rent in Hertfordshire
Story posted: 10.08.17
A recent document prepared by the London School of Economics and VATT Institute for Economic Research found the rate of moving home would be 27% higher if the levy was completely abolished.
Currently, stamp duty costs £143,000 on a £2m property or £20,000 on a £600,000 home.
Professor Christian Hilber, co-author of the report said, “The key message of our paper is that stamp duty hampers mobility significantly. If you are a young family and you have an additional child, you’ll need an additional room, but the stamp duty is discouraging this kind of move because of the additional cost and lack of available homes to move into.
“In a nutshell, the stamp duty discourages the elderly from downsizing and young expanding families from moving to more adequate larger housing.”
During the last election, the Labour Party’s manifesto promised a “New Deal for first-time buyers” cutting up to 40% off the price of a home for people “on ordinary incomes”, as well as giving a two-year holiday from stamp duty charges.
A Treasury spokesman said, “Almost 90% of people want to own a home, but only 63% do. We reformed property taxes including duty to help more people get on to the property ladder. In addition, we are helping people - including young families – to buy their first homes through policies such as Help to Buy and the Lifetime ISA, and the recent £2.3bn Housing Infrastructure Fund which will free up over 100,000 properties in high demand areas.”
Everyone was fantastic, really pleasant to deal with and very helpful. Thank you so much.
Hi guys, As a fellow director of an Independent Estate agency in Devon I wanted to say that it has been a pleasure to deal...
Louise was a fantastic progressor and made sure I was informed at all times.
Ashtons were friendly, patient and reassuring, always ready to explain anything I didn't understand.
Having moved many times during 50 years, Ashtons' staff are the best...
John - Extremely helpful in the initial sale and buying process. Great communication and willingness to make things happen.
Graham - During the sale process, Graham...
Everyone we dealt with was great and Verity in particular went above and beyond when we were having issues with our purchase. She was supportive...
Really good experience when buying with Ashtons (Louise & Robert).
Everything went very smoothly.
Lucy and Matt were lovely, polite, friendly and professional.
All staff were very professional, friendly and attentive at all times ad made the process of appointments and viewings seamless. They were extremely proactive with...
C S Donald
Professional and helpful
From start to finish, everyone in the office were very helpful and put our minds at rest. A big thank you to all.
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