End Of Stamp Duty Holiday Sees Average House Prices Surge

The price of an average house is now as expensive as it has ever been, standing at just over £267,500, according to data from Halifax, who report that following the end of the stamp duty holiday last month, house price growth saw its strongest month since 2007. In June 2020, the month before the stamp duty holiday began, the typical standardised price for a UK property was £239,317. Therefore a home-mover would have faced SDLT costs of around £2,300. From July last year, the zero rate introduced on homes valued up to £500,000 (falling to £250,000 between July and September this year as the holiday was tapered out) meant no stamp duty would be payable on that same property. Read more on the Property Reporter website.

https://www.propertyreporter.co.uk/property/halifax-end-of-stamp-duty-holiday-sees-average-house-prices-surge-to-record-all-time-high.html