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HMRC figures show that the estimated SDLT receipts for the third quarter of 2017 were up 23% year-on-year to £2.6bn.

This represented 251,000 residential transactions, up 7% on the third quarter of 2016.

The number of residential transactions liable for Stamp Duty increased across all price bands.

Stamp Duty from purchases with a transaction value under £250,000 in the third quarter were up 2% year-on-year to 129,800, while those between £250,000 and £500,000 were 11% higher at 89,000.

The number of liable transactions over £500,000 also increased, with 26,700 up to £1m and 5,500 above £1m.

Of the total 251,000 sales liable to Stamp Duty, 65,300 were for additional properties, accounting for £1.09bn of the quarterly total.

Halifax Community Bank have said: “The annual rate of growth has picked up for the second consecutive month.

“The average house price is now £225,109 – the highest on record.

House prices in the three months to September were 1.4% higher than in the previous quarter, the fastest quarterly increase since February.

While the quarterly and annual rates of house price growth have improved, they are lower than at the start of the year.

UK house prices continue to be supported by an ongoing shortage of properties for sale and solid growth in full-time employment."

 

 

Christmas Opening Hours 2016

 

Friday 23rd December

9am  -  1pm

Christmas Eve Day (24th December)

Closed

Christmas Day (25th December)

Closed

Monday (26th December)

Closed

Tuesday (27th December)

10am – 12pm

Wednesday (28th December)

10am – 12pm

Thursday (29th December)

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Friday (30th December)

10am – 12pm

New Year’s Eve (31st December)

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New Year’s Day (1st January )

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Monday (2nd January)

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Tuesday (3rd January and onwards)

Open as normal

9am – 5:30pm

 

 

If you require a viewing or a question on a sales property, please call Mark on: 07974 216 932

 

If you have an URGENT lettings problem, please contact the emergency mobile of: 07732 775 320

 

Wishing you all a Merry Christmas and Happy New Year!

 

 

House Prices

U.K. home prices declined at the start of the year, underscoring predictions for a slowdown in 2017, according to Halifax.

Values fell 0.9 percent from a month earlier, posting their first slide since August, the mortgage lender said. While values in the three months to January rose an annual 5.7 percent, that’s almost half the 10 percent peak seen in March.  Halifax expects price growth to slow to between 1 percent and 4 percent by the end of the year.

“U.K. house prices continue to be supported by an ongoing shortage of property for sale, low levels of house building, and exceptionally low interest rates,” said Martin Ellis, an economist at Halifax, in a statement with the report.  “Nonetheless, weaker economic growth and increasing pressure on spending power, along with affordability constraints, are expected to dampen housing demand, resulting in some downward pressure on annual house price growth during the year.”

The average British house price last month was 220,260 pounds and supply remains very low as sellers stay put, according to Halifax.  Across the U.K., new sales listings failed to pick-up in December for a 10th month, leaving stock levels close to a record low and constraining market activity, the report said.

 

Even so, Halifax estimates the number of first-time buyers climbed 7 percent last year to the highest level since the start of the financial crisis in 2007.

Image result for Free Christmas pictures

 

‘There’s nothing more rewarding  

than giving back and making  

a difference in the lives of 

people in this great community’

 

Frank Guzzetta

 

Instead of sending cards, we have chosen to donate a sum of money to

The James Hopkins Trust.

From all at Charterhouse, may we wish you a Merry Christmas and a prosperous New Year.


 

 

 

 

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