Stamp Duty Changes in UK Causing a Property Boom!
They do say that a little can go a long way, and with the recent changes that have been announced in regards to Stamp Duty that is levied on people buying houses in the UK, this has led to something of a boom recently in regards to house sales.
Being a UK Binary Options trader then you need to always be aware of anything that is going to affect the movement of share prices in any market sector, and when you are looking at placing trades on companies involved in House Building and even Building Supply companies then this recently announced Stamp Duty change is something worth sitting up and taking notice of.
With house prices in the UK rocketing in many town and cities it has proven to be the case that houses prices around the £250k region are those buyers have always been interested in, and with houses around that price always being subject to Stamp Duty the market place has become quite stagnant recently.
However, thanks to the changes announced this means that houses in the £240k to £280k price range are now much more affordable to buyers as those buyers will on average save around £4500 in Stamp Duty fees.
Whilst it was only a few days ago that the UK’s Chancellor of the Exchequer announced the changes in the Stamp Duty structure estate agents are already noticing more and more people are stepping forward to show interest in houses listed around those two price figures.
If you are interested in placing Binary Options on any type of House Building related trades then it may be worth you making a note of any up and coming new developments and also discovering where the house builders are intending on building those new developments for there are also some huge discrepancies in regards to the house prices attached to new homes in different parts of the UK.
However, it is safe to say we are likely to see a lot of volatility and upward swings in regards to House Building related companies in the coming months as the effects of the Stamp Duty changes come into force and as more and more banks are now finally releasing funds to house buyers this market sector is likely to become much more buoyant, so do keep that in mind when you are selecting trades to place in the coming months.
