Stamp duty changes making their mark
Stamp duty exemptions are beginning to make an impact, according to the NAEA Propertymark February Housing Report.
Sales reached a three-year high with the proportion of sales per branch to first-time buyers (FTB) rising from 27% to 29% in January.
Year on year, FTB sales were the best since February 2015 when they accounted for 30%.
The average number of sales agreed per branch to FTBs also rose from seven in January to eight last month – the highest amount since October 2017.
The Property Industry Eye has a good article about the NAEA report. Read it here: http://www.propertyindustryeye.com/agents-claim-stamp-duty-exemptions-are-starting-to-work-as-first-time-buyer-sales-hit-new-high/