Rishi Sunak’s stamp duty cut is not about helping first-time buyers, but shoring up the whole UK economy
"Property prices are critical to UK prosperity," writes Professor Alexander Tziamalis. "Britain should arguably wean itself off its property addiction, but for now the chancellor has tried to sustain confidence in an asset class that accounts for most of the country’s wealth."
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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.
May takes aim at foreign property buyers with 3% additional stamp duty levy
"It cannot be right that it is as easy for individuals who don’t live in the UK, as well as foreign based companies, to buy homes as hard working British residents" says the Prime Minister
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.
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