Across the UK, all regions bar London and the South East have average house prices of under £250,000
Nigel Lewis, Property Expert at FindaProperty.com, comments:
“We applaud this much sought after change to the stamp duty threshold which will not only benefit first time buyers but, because the property market is cyclical, will also benefit those at other stages of the property ladder in many regions. This is a significant move which will aid the ongoing property market recovery into 2010 and beyond and make a significant difference to the affordability of first time buyers.”
*Based on the properties listed on FindaProperty.com
171,000 properties priced between £125,000 and £250,000. Assuming a median of £1,875 stamp duty paid, the total cost would be £320,625,000.
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