First-Time Buyers £25,000 Worse Off Due To Stamp Duty Holiday

The stamp duty holiday has increased the price of first-time buyer homes by an average of 11.7% in England in the last year, and by as much as 31.5% in some areas of the country, according to research from GetAgent. The average price of a first-time buyer home in July 2020, just before the holiday was introduced, was £212,166. However, the latest figures show the average first-time buyer home now costs £236,982, an increase of £24,816 or 11.7%. On a broad regional level, the North West has seen the largest increase, with the average first-time buyer now paying £168,820 - a 16.9% jump since July of last year. Read more on the Financial Reporter website.

https://www.financialreporter.co.uk/finance-news/first-time-buyers-25000-worse-off-due-to-stamp-duty-holiday.html