Property News · July 9, 2020

Stamp duty holiday may revive housing market, say experts


Summer statement raises hopes for flurry of fresh buyers entering property sectorCoronavirus – latest updatesSee all our coronavirus coverageThe suspension of stamp duty on property sales of up to £500,000 in England and Northern Ireland will revive the housing market, according to industry experts, as buyers and sellers emerge from the coronavirus lockdown.The property website Rightmove said traffic to its listings jumped by 22% immediately after the chancellor confirmed the £3.8bn tax break, which takes place immediately, and estate agents said they expected the change to boost activity. Continue reading…

Source : theguardian.com
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