Tag: property

Coronavirus: First-time buyers slip on the property ladder as deposits rise

Image copyright PA Media Image caption The goalposts have moved for many first-time buyers Purchasing a first home is one of the biggest financial steps many people will ever take. But changes to the housing market brought on by the Covid-19 pandemic have made that step a little bigger. For those scrimping and saving to afford a deposit, coronavirus has… Read more →

Read more →

First-time buyers: Four ways the property market ‘will be tougher’

Image copyright Getty Images Official forecasts predict a fall in UK house prices with the economy in recession and jobs being lost. First-time buyers may be rejoicing about the prospect of cheaper property. Yet a report by the Resolution Foundation suggests home ownership could become increasingly “out of reach” for this group of people. It comes as a survey of… Read more →

Property sale tax threshold raised in Wales

Image caption The average cost of a home in Wales is £161,719, already under the tax payment threshold Land transaction tax will be changed in Wales, meaning about 80% of house sales will be exempt from paying tax. Finance Minister Rebecca Evans made the announcement at the Welsh Government daily coronavirus briefing. It will bring the rate payable for properties… Read more →

Coronavirus: Welsh ‘frustration’ as England’s property market restarts

Image copyright Getty Images Image caption The property market in Wales has been “paused” since lockdown started in March House buyers and sellers in Wales may “feel frustrated” the property market in England has restarted amid the coronavirus crisis, but not in Wales. Estate agents claim it is damaging to the Welsh economy that English sales can now progress due… Read more →