Transaction numbers plunge following Stamp Duty deadline
Official estimates tell of a 63% drop in residential property sales from June to July - but transactions are still running above last year's level.
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.
Property transaction numbers recover from lockdown lowpoint
The cumulative number of offers accepted in the UK since the start of the year is now above the five-year average, says Knight Frank.
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.
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