Market update: first time buyers

Since November 2017, 69,000 first-time buyers (FTBs) have claimed stamp duty tax relief according to figures published by HMRC.* With the average first-time buyer saving £2,300 on the purchase of their property, the biggest savings are seen in London with FBTs saving an average of £4,300. Sales Manager, Martin Clements says of the West London property market, “We’ve had more FTB transactions in Quarter 1 of 2018 than in the previous two quarters combined – undoubtedly and in part a result of the stamp duty relief. One of the highlights of my role is helping FTBs get a foot on the property ladder. This generous tax break puts thousands in the pockets of our local buyers and as they are snapping up their first properties this drives upward movement in the market. The knock on effect means our ‘purple book’ of active, willing and able buyers is growing every day.”

We are dedicated to helping buyers find their first homes here in West London across Hammersmith, Shepherds Bush and Chiswick. If you’re searching for your first London property, we’ll help you source it. Register today by emailing our team. Our Sales Manager hand picked three properties, all priced £500,000 or below, that would make ideal first-time buyer purchases – simply click the photos to view full property details.

*This is the first time that HMRC has included this information in its quarterly stamp duty report. These figures though cover the period from 22 November 2017 until the end of March 2018 – when this change was introduced.
Hadyn Park Road, Askew Village, Shepherds Bush, W12
Montagu House, Ravenscourt Park and Askew Village, W12
Vereker Road, Barons Court, W14