Could not subscribe, try again later Invalid EmailThe stamp duty cut for first-time buyers has shown little immediate sign of reinvigorating the housing market, surveyors have found. Two-thirds (66%) anticipated the stamp duty cut would have little consequence, although 12% did think it would result in higher overall activity. In November, it was announced that first-time buyers paying £300,000 or less for a home would pay no stamp duty, affecting those in England, Wales and Northern Ireland. Rics found a "lack of conviction" surrounding the near-term outlook for house prices, with surveyors in London feeling the most negative, and the most upbeat results coming from Wales, Northern Ireland and Scotland. The strongest survey results for current price growth were in Wales, Northern Ireland, North West England and the Midlands.

Source: Daily Mirror January 18, 2018 01:05 UTC