Home Lifestyle Stamp Duty freeze: Is the Stamp Duty holiday likely to be extended?

Stamp Duty freeze: Is the Stamp Duty holiday likely to be extended?

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Property values surged by 8.5 percent year on year, marking the highest annual growth rate since October 2014.

Mike Scott, Chief Analyst at estate agency Yopa, said in response to the latest ONS House Price Index that the figures show a “very active market”, in part due to the Stamp Duty holiday.

Mr Scott said: “The Official government House Price Index for December shows a very active market, with average house prices rising by 1.2 percent in the month and by 8.5 percent since December 2019.

“It is important to note that this is largely historic data, and doesn’t necessarily reflect the state of the market now that it is too late for a new buyer to beat the March 31 deadline for avoiding Stamp Duty.



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