Skip to main content

Posts

Showing posts with the label Stamp Duty rates

Stamp Duty rates, introduced last year see UK's first 'million pound towns

One has a golf course that charges £125,000 to become a member, and the other has a post office said to stock bottles of Bollinger and Dom Perignon. The towns of Virginia Water and Cobham, in Surrey, have become Britain's first million pound towns - where average house prices are more than £1m. Beaconsfield in Buckinghamshire is also in the millionaire's club, according to research by Lloyds Bank. They are the first towns outside London where prices have hit seven figures. The research was based on data from the Land Registry for the first half of 2015. Prices in Virginia Water - home to the likes of Sir Cliff Richard and Sir Bruce Forsyth - average no less than £1.169m, making it Britain's most expensive town outside the capital. No wonder that the town's famous golf course, Wentworth, feels able to charge joining fees of £125,000. That is on top of the annual membership fee of £16,000.Image copyrighImage captionCobham is the second most expensive town in the UK ...