Tax Break Extension Revives Housing Market Boom

The unexpected extension of a tax break for property purchases in Rishi Sunak’s budget last month has revived a fading boom in housing market activity, a survey shows. The Royal Institution of Chartered Surveyors said its monthly gauge of house prices - based on the reports of surveyors across the country - rose in March to +59 from +52 in February. Other measures of Britain’s housing market have suggested that activity in the housing market was fading before the planned expiry of a temporary cut to property purchase tax, known as stamp duty, at the end of March. Read more on the Reuters website.

https://www.reuters.com/article/uk-britain-economy-houseprices/tax-break-extension-revives-uk-housing-market-boom-rics-idUSKBN2BU3K4