Originally Posted by Paul Ripley

Stamp duty is presently nothing up to £125K, then 1% from £125k-£250, then 3% from £250K to £500k, then 4% on anything over £500k

Market is worringly dead, prices have come down, buyer ain't buying, sellers aren't reducing.. its a stale mate

The only houses I'm selling are taking bigish drops

ie last couple of weeks:-

Was on for £360K sold for £335K
Was on for £255K sold for £240K
Was on for £170K sold for £151K
Was on for £265 sold for £246K

Housing market is dead purley because of the credit crunch, 100% mortgages have gone so first time buyers need on average 85% loan to value.. in my area this is a approx £25K in deposit to buy a flat.. they just don't have it.. plus the way the markets dropping they are holding off..

Without the first time buyers buying the flats/starter homes the people in those then can't buy the 2bed houses and the they can't buy the three bed etc etc so the chain is not starting and we are all effected in every price range

Other things effecting at the moment:-
HIPs... load of crap
Goverment talking about srapping stamp duty.. cunts
cost of living etc
summer period
No decent mortgage deals


so basically I'm having a hard time of it.. just got to ride the storm as when it turns again it will be very very busy again!