Tax deadline leads to frenzied market

House prices have rocketed over the course of the stamp duty holiday and there is a buying frenzy as the deadline looms, reports the Sunday Times. Figures from HMRC show almost 191,000 homes were sold in March - the highest number in a single month since July 2004. But the savings from the Chancellor’s tax cut have long since been cancelled out by property price rises. The average asking price in the UK has now hit £327,797, an increase of more than £4,000 on the previous record set last October.

The Sunday Times (25/04/2021)