With the stamp duty holiday extension ending on Wednesday 30th June, home buyers now have just under ten weeks, to complete their purchases. Amidst an already feverish property market, the ticking clock of the stamp duty holiday is set to turn the heat up further as the time period left is just under the 77 days that the average property purchase takes to complete. According to research by MoneySuperMarket, the average purchase for a first-time buyer takes 99 days to complete; home movers take 88 days to complete; while those re-mortgaging take 71 days. Read more on the Property Reporter website.
Eight in 10 homes in London’s poshest postcodes now sell below asking
price, Coutts finds
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Sellers in areas such as Belgravia and Mayfair face hundreds of thousands
of pounds in losses as property prices fall
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