Real estate

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Taylor Wimpey chief executive Pete Redfern said that the reforms to stamp duty unveiled in the Autumn Statement were creating a more stable housing market. He said the new graduated system of stamp duty was leading buyers to enter the market earlier and enabling them to put down larger deposits. The Taylor Wimpey boss also said that the stamp duty overhaul was making it easier to sell properties priced between £250,000 and £265,000 – the point at which stamp duty rose from 1% to 3% under the old system. In a trading statement issued yesterday, Taylor Wimpey forecast price growth of 2% to 3% across the market in 2015 and saw no indications of a sudden crash in prices. Taylor Wimpey has started 2015 with a record £1.4bn order book, representing 6,600 homes. The company is on track to return £250m to shareholders in July. The average Taylor Wimpey customer paid £213,000 last year - £22,000 more than 2013.


Note: News bulletin content has been provided by a third-party and is not the opinion of Santander


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