The current Stamp Duty Land Tax (SDLT) holiday has helped deliver a property market stimulus that has far outweighed the immediate response to the 2007/08 financial crisis, according to new analysis by Search Acumen, the property data and insight provider.
Despite causing an uplift in activity, the current SDLT relaxation has so far triggered a 7% rise in house prices from June 2020 to February 2021, adding £17,265 to the price of the average home in England. This rise has more than offset the £2,572 SDLT savings made on the average property.
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