A month on from stamp duty holiday withdrawals
According to Nationwide, the ending of the stamp duty holiday has calmed the UK housing market. Compared with the highest house prices in 17 years in June, the building society said they dropped slightly in July. A typical home cost £244,299 in July, which is still 10.5% higher than a year ago. Breaks for stamp […]
How will changes to stamp duty change the housing market?
The coronavirus pandemic led to a booming housing market; many homeowners fled cities to seek homes with more green space. This month the stamp duty holiday has been scaled back, how will this affect the market? In May 2021, data from the Office for National Statistics put the average price of a property at £254,624, […]