We Shall Not be Moved By Estate Agents
MOVING house is considered to be one of the most stressful things one can do, along with filling in your tax returns and watching Steve McClaren’s England play.
However, according to the Telegraph, the average homebuyer now has the added pressure of rapidly rising taxes and costs.
Indeed, in the last decade, the cost of moving house has almost tripled to a staggering £10,000.
The BBC takes its figures from a recent survey by Propertyfinder.com and the website breaks those costs down into £5,000 in stamp duty, £3,000 in fees for those lovely estate agents, £1000 for those similarly lovely lawyers and their fees and finally, around £450 for removal costs.
Not surprisingly, with people discouraged by these hideous costs and deciding to stay where they are, the current market has the fewest properties on sale in a decade.
Boom & Gloom
Staying with the wonderful world of housing, the nation’s capital, home to Pearly Kings, Russian billionaires and a never-ending choice of free newspapers, has enjoyed yet another property boom with March experiencing the largest monthly increases in four years, says the Guardian.
In a report by Hometrack, London has apparently become ‘disconnected from the rest of the country’, with property prices rising by 1.8% in March, the biggest hike since the summer of 2002.
With demand for homes in the city from bonus-rich City boys and a shortage of properties in the capital, this metropolitan boom has, according to the Independent, lead to a ‘ripple effect’ in the suburbs, with the likes of Sutton, Merton and Brent all seeing big price increases.
Posted: 26th, March 2007 | In: Money Comment | TrackBack | Permalink
