Home Lifestyle House prices: What does Budget 2021 mean for the housing market?

House prices: What does Budget 2021 mean for the housing market?

0


Property experts expect the former policy will encourage home buyers to act as they did when the Chancellor introduced the holiday last year.

Jess Mitchell, office manager at Gascoines, a Nottinghamshire-based estate agent, thinks markets could see a listing boom.

She said: “Following the initial government announcement to introduce a stamp duty holiday, the market saw house hunters relieved of costs and induced a mini housing boom as sellers were eager to take advantage and complete transactions in time.

“Rishi Sunak initially set the holiday, which extended to properties under £500,000, to end on March 31, 2021, but has announced the deadline will now be extended to June 30 with the nil-rate then lowered to £250,000 until the end of September.”



LEAVE A REPLY

Please enter your comment!
Please enter your name here