Property exchanges were up 57% in January - will the stamp duty holiday be extended?

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As MPs prepare to debate a petition to extend the stamp duty holiday by six months, it’s worth keeping an eye on two pieces of data that will play a crucial role in the eventual decision, says Tom Bill...

Written by

Tom Bill

Head of UK Residential Research at Knight Frank

Tom Bill is Head of UK Residential Research, producing reports that include Knight Frank’s flagship Prime Central London indices, the Super Prime London Insight and the London Residential Review. He has written detailed reports on London sub-markets and contributes to The Wealth Report and Global Cities report. Tom, a former Bloomberg and Reuters property journalist, is a regular media contributor on the London property market and has presented at events in Europe and the Middle East.

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Introducing a stamp duty holiday at the height of the pandemic was commendable but it has over-stayed its welcome, writes Tom Bill…
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“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.
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Reports claim the Chancellor is planning a boost for the property market in his upcoming Budget.