28 Feb

Stamp duty holiday 'should be extended'

Stamp duty holiday 'should be extended'

The stamp duty holiday, which has helped many first-time buyers who may not have otherwise been able to buy their first home, comes to an end on March 24th. However, one expert is calling on the government to extend the holiday to boost the market.

Peter Bolton King, the chief executive at the National Association of Estate Agents (NAEA) has said that it is important that the government sees the positive effect that the holiday has had, and could continue to have, on the market.

"We think that [the stamp duty holiday] should be continuing and we think that the actual government should be doing more for first-time buyers to encourage them," Mr Bolton King said.

Recently, HSBC reported that the stamp duty holiday had saved 89 per cent of new first-time buyers up to £2,500 each through cutting down on the need to pay a one per cent task on any property valued at more than £125,000.ADNFCR-1222-ID-801305085-ADNFCR

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