Why the Covid stamp duty holiday reveals big problems in the housing market

HM Treasury “misjudged” the property market when it introduced the Stamp Duty holiday last year, writes Michael Ball, Professor of Urban and Property Economics at the University of Reading’s Henley Business School. “What must have looked superficially to be a wizard policy idea – stimulating the housing market and gaining political bouquets from happy buyers at the same time – has rebounded badly.”