The short-term reductions in document duty on property purchases finishes at the end of October and the cost of buying your new home will go up so if you’re considering buying in Guernsey now is the time to do it.
The document duty changes, which saw document duty reduce to just 1% on property up to £250,000 and 2% for those valued between £250,000 and £400,000 was introduced in October last year to stimulate growth in the housing market. The reductions are only be in place until October 2014 so time is of the essence. From 31 October this year it will cost an extra 1% on properties up to £250k and an extra 0.5% on properties between £250,000 to £400,000. Livingroom continues to attract some of the best available properties for sale in Guernsey. Get in touch to find out more and we will work to secure your property as soon as possible.