First-time buyers ignore Stamp Duty holiday
News Category: Industry News
Published: 30-Apr-2010
Stamp Duty tax breaks have failed to gain traction as far as first-time buyers are concerned.
Rightmove reported today that first-time buyers have not been tempted into the home-buying market, despite the tax break, with most thinking it is not a good time to buy.
Rightmove says that in a normal market, 40% of purchasers are first-time buyers.
It says that hopeful first-time buyers now represent only 26% of the market.
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