9 Mar

End of stamp duty holiday will slow the market

End of stamp duty holiday will slow the market

The end of the stamp duty holiday should be pushed back to accommodate more first-time buyers, after one property expert reported that an end to the holiday could see a dip in the market.

According to Andy Pratt, chief operating officer at Alexander Hall, the holiday coming to an end could possibly cause a slowing of the market until the autumn.

"Even though the level of cost involved is smaller, it has a bigger impact for first-time buyers. I know that from our experience, people have been very aware of the deadline."

He said that it may be the opinion of some people that they need to come back later in the year when they have had the chance to have a better look.

Last month, Peter Bolton King, chief executive of the National Association of Estate Agents (NAEA), said that the stamp duty holiday should be extended to help more first-time buyers bring new money into the property market.ADNFCR-1222-ID-801314369-ADNFCR

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