10 Apr

Demand increases as the stamp duty holiday ends

Demand increases as the stamp duty holiday ends

The end of the stamp duty holiday, which saw those who were buying their first house costing between £125,000 and £250,000 exempt from paying the one per cent levy on the cost of their home caused demand to rise in March.

The Royal Institute of Chartered Surveyors (RICS) has reported that nine per cent more agents reported a rise in demand than those who said that there had been a decline, the best figures seen at any point in the last two years.

RICS chief economist Simon Rubinsohn, said: "Demand saw a slight boost in March as many first time buyers looked to beat the stamp duty holiday deadline."

It was also reported that the cost of buying for many is coming down, with all areas of the country except London having more agents reporting a fall in house prices than a rise. Meanwhile, two per cent more agents said that there were now more properties coming onto the market in March alone.ADNFCR-1222-ID-801336547-ADNFCR

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