Capital Gains tax receipts were around £1Billion up on the previous year. This has been put down in part to second home owners and buy to let landlords cashing in their assets as new tax measures come in to force. In Great Yarmouth and Lowestoft we haven’t really seen the buying and selling patterns change. Indeed the high yields that can be achieved in this area appear to be resulting in people looking to invest in buy to let and holiday accommodation in this area. With strong sales levels and a fast moving letting market this looks likely to continue for some time.
After 12 years and countless happy buyers we are delighted to announce that the last new house on Kings Drive completes tomorrow! But don’t despair if you have missed out. Aldreds are marketing MHKing & Son new development in Bradwell and already have properties available. Call our Gorleston office now on 01493 664600 for more information.
So Boris is PM. No political statement here however, one thing we do want to pick up on is his innuendo on stamp duty. During his campaign Boris suggested that he wanted to reduce the burden of stamp duty on house buyers and even may look at moving the tax from buyers to sellers. With the ‘B’ word on the horizon it can be presumed that this may be somewhat down the agenda…but watch this space for updates!
FANTASTIC! The first two Beach Huts on Gorleston seafront have completed with their occupiers getting the keys just in time for this sunny weekend! We still have some left to sell! Call us now on 01493 664600
After a successful open house last weekend, Aldreds and the developer will be at Arches Court Bradwell for an open session 12noon until 2pm this Saturday. Three bed detached houses £275,000 and a three bed detached bungalow £299,995. No need to book…..just pop along!