Industry Reactions: Property sector welcomes Sunak's Stamp Duty holiday
It'll come as no surprise that most estate agents and property developers are quite delighted with the temporary raising of the Stamp Duty threshold to £500k, as announced by the Chancellor in a "mini Budget".
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It was not unexpected, but the new 2% Stamp Duty surcharge for overseas buyers is not particularly welcome either, say most of our prime residential property industry insiders...
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