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House prices jump by £57,000 as buyers rush to save on stamp duty

House prices have jumped by £57,000 across England and Wales as home-buyers rush to make stamp duty savings, according to analysis. The stamp duty holiday introduced last July is set to end on March 31 – and the average stamp duty saving being made by home-movers is £11,566, according to Halifax. But strong demand has added to the upward pressure on house prices, in many cases eclipsing the stamp duty savings that can be made. In the first half of 2020, the average house price for home-move...
United Kingdom West Midlands United Kingdom General City Of Andy Bickers South East

Homeowners saving over £11,000 through SDLT holiday

Homeowners in England and Wales are saving £11,566 on average through the stamp duty holiday, according to Halifax. The average house price for homemovers in the six months to June 2020 was £373,537, however this increased by £57,790 during the stamp duty holiday period to £431,327. While the threshold for stamp duty was increased to £500,000, based on the average house price for homemovers this meant in England, only those in London and the South East still had to pay on average £9,848 ...
City Of United Kingdom Andy Bickers South East East Anglia South West

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