Houses for me, my experience..31 May 2021 12:32
I am in the process of moving house..
I have not been able to take advantage of any of the benefits at the moment.
My appartment went on the market 12 months ago in a semi rural area of Kent. I had one buyer pull out, I then reduced the price by 10k for a quicker sale. If I had put my place on a few months later I am sure it would have got 15k more straight away. As it stands now I am due to complete in the next couple of weeks. Myself and my partner have not been able to find anywhere to buy. They are all going sealed bids and best and finals. We have lost out on 5 properties we have offered 50k over asking and one that we offered 107k above asking.
Even if we find somewhere tomorrow we won't be able to get the stamp duty exemption before completion. So we get shafted on the over inflated mad price market that will dissipate very slowly as sellers have a taste of it now. We won't make it in time for stamp duty allowance and both our homes were put on the market before the mad price hikes :(
I'm not interested in new builds or living within spitting distance of your neighbours..
Used to be cheaper to live in the country, now the tables have flipped :(