The tax free amount on first-time buyer properties should be increased in Jersey to help more people onto the property ladder.
That's the suggestion from Property Lawyer Paul Scally.
Currently, first-time buyers don't have to pay any stamp duty on properties costing less than £350,000, and only pay 0.25% for the rest of the value up to £450,000.
But Paul Scally says that doesn't take into account the increase in house prices over the past decade.
Buying and selling simultaneously is a real juggling act, and most homeowners ask the same question - should I sell my house or find a home to buy first?
Buyers remorse. A feeling of regret or anxiety after making a purchase. Often felt after spending money on something that you later feel wasn't worth it. Clothing bought in a sale because it was perceived to be a bargain when, in reality, you probably didn't really need or indeed want to buy it. You might not have even given it a second thought if it had not been discounted.
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