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That's an interesting observation. I do wonder if there isn't some congruent regulatory mechanism keeping things in line. Out of curiosity, what would a typic
by jhayward 9y ago
That's an interesting observation. I do wonder if there isn't some congruent regulatory mechanism keeping things in line.
Out of curiosity, what would a typical set of transaction fees be for buying and selling a property? In my area (US/TX) it is nominally a 3% fee to the agent plus no more than 2% of the transaction for all other costs including financing, title insurance, etc.
- walshemj 9y agoBetween 1.3 and 1.8 % plus VAT at 20% plus £400/500 for a survey. Other costs vary by what mortgage you get but I add 1 to 2K. Plus stamp duty You can claim a discount (relief) so you don’t pay any tax up to £300,000 and 5% on the portion from £300,001 to £500,000. seems high but property taxes are tiny when compared to the USA