Agency bosses praise ‘perfectly timed’ Stamp Duty holiday
"The stamp duty holiday was perfectly timed to enable more people to improve their set up by moving," says Marsh & Parsons. But Knight Frank warns that the temporary tax break has "distorted activity and put upwards pressure on prices."
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1.3 million buyers have benefitted from the the Stamp Duty holiday
"We haven’t yet seen any significant increase in properties falling through so it looks like most are going ahead regardless," says Tim Bannister, Rightmove’s Director of Property Data.
Stamp Duty holiday should not have been extended, says RICS
“We would urge the Government to undertake a full-scale review of the current stamp duty land tax system," says the Royal Institute of Chartered Surveyors.
Average property prices leapt 4.5% in the month before the Stamp Duty holiday deadline – UK HPI
The average UK house price increased by 13.2% in the year to June 2021, up from 9.8% in May, according to the latest official UK HPI.
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