End of stamp duty holiday to hit buyers

The Telegraph reports that up to 200,000 people risk missing out on stamp duty savings because of backlogs in the property market, with people agreeing a sale by next week said to only have a 50% chance of benefitting from the stamp duty holiday rolled out amid the coronavirus crisis. According to Centre for Economics and Business Research analysis, the tax break has boosted transactions by 6%. With the relief set to end on March 31^st there are calls for an extension, with housebuilders Barratt andRedrow say an extension will help avoid a slump in sales.

The Daily Telegraph (16/10/2020)