More people are wondering what the end of the 2021 stamp duty holiday will mean for UK property. I was recently asked to provide my opinions on a series of questions posed by a property market journalist. Their questions and my views are summarised below:
WILL HOUSE PRICES FALL, OR WILL THEY EXPERIENCE A HIKE?
When a stamp duty holiday ends, there is always a slowing down of demand. If demand falls, house prices usually follow. There has been a recent hike in prices with buyers looking to take advantage of the stamp duty holiday. Unfortunately, with many predictions of housing price deflation this year, any savings made during the latest stamp duty holiday may well be lost if house prices do indeed fall.
“First home buyers can be best prepared for this by not getting caught up in the hype surrounding busier markets in stamp duty holiday periods.”
More people are wondering what the end of the 2021 stamp duty holiday will mean for UK property. I was recently asked to provide my opinions on a series of questions posed by a property market journalist. Their questions and my views are summarised below:
WILL HOUSE PRICES FALL, OR WILL THEY EXPERIENCE A HIKE?
When a stamp duty holiday ends, there is always a slowing down of demand. If demand falls, house prices usually follow. There has been a recent hike in prices with buyers looking to take advantage of the stamp duty holiday. Unfortunately, with many predictions of housing price deflation this year, any savings made during the latest stamp duty holiday may well be lost if house prices do indeed fall.
More people are wondering what the end of the 2021 stamp duty holiday will mean for UK property. I was recently asked to provide my opinions on a series of questions posed by a property market journalist. Their questions and my views are summarised below:
More people are wondering what the end of the 2021 stamp duty holiday will mean for UK property. I was recently asked to provide my opinions on a series of questions posed by a property market journalist. Their questions and my views are summarised below: