Tag: stampholiday

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UK house sales fall 52% in month after stamp duty holiday deadline

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House sales tumbled by more than half during the first few weeks after the end of the UK’s stamp duty holiday, leading to the quietest October property market for almost a decade. After a record surge in activity earl...

August’s jump in house prices is further proof stamp duty holiday was a mistake

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More evidence that Rishi Sunak’s pandemic freebie for homebuyers was a waste of money: even when the stamp duty holiday was partly removed, house prices continued to fly. The 2.1% rise in August, on the Nationwide’s r...

UK house prices jump in August despite stamp duty holiday winding down – business live

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Rolling coverage of the latest economic and financial news

UK house sales tumble in July after stamp duty holiday deadline

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House sales tumbled by almost two-thirds in July after tens of thousands of homebuyers rushed to complete their purchases in order to beat Rishi Sunak’s end-of-June stamp duty holiday deadline. Following a record surg...

Sunak’s stamp duty holiday hard to square with ’levelling up’ rhetoric

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Rishi Sunak’s approval ratings tell their own story. The chancellor’s stock is high, because the Treasury’s furlough scheme has limited the job losses from the pandemic. But while Sunak has had a much better crisis th...

Homebuyers rush to complete before stamp duty holiday deadline

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With days to go until the phased ending of the stamp duty holiday, thousands of homebuyers will be desperately hoping they can complete their purchase before Wednesday night, because if they don’t they face having to ...

Stamp duty holiday helps drive up UK property prices

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UK property prices are set to continue to rise after the gap between demand for homes and supply grew to its widest level since 2013, surveyors have reported. The latest monthly snapshot of the market from the Royal I...

UK stamp duty holiday extension prompts rise in mortgage demand

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Rishi Sunak’s six-month extension of the government’s stamp duty holiday prompted a fresh surge in demand for home loans, according to the latest figures from the Bank of England. Threadneedle Street data showed that ...

UK house prices rise as end of stamp duty holiday nears

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UK house prices bounced back in February despite the imminent end of the stamp duty holiday, fuelled by changing housing preferences in the Covid-19 pandemic, and some buyers betting that the tax saving will be extend...