Stamp duty rise fuels property rush

The property market experienced a significant uptick in activity last month, with 108,250 sales recorded, marking a 13% increase from January and a 28% rise from February 2024. The surge is attributed to buyers rushing to complete transactions before the stamp duty increase on 1 April, which lowers the nil-rate threshold from £250,000 to £125,000. However, experts anticipate a potential slowdown in sales following the deadline, reminiscent of the post-stamp duty holiday dip in July 2021.

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