House prices surge by more than £1,500 as over 100,000 buyers face stamp duty tax bill


Director of Benham and Reeves, Marc von Grundherr, said: “Now that we’ve found our feet in 2021, buyer enquiries are once again starting to surge as homebuyers and sellers remain in lockdown, allowing them to focus on their plans to transact.

“As always, this growing demand far exceeds the stock available and this market imbalance will ensure property values stand firm despite the end of the stamp duty holiday, as they have done through far trickier market conditions.”

Managing Director of Barrows and Forrester, James Forrester, added the stamp duty holiday will not “make or break the cost of buying a home”.

He continued: “So while many current homebuyers are likely to be disappointed come April, the market will continue to lift as buyers largely stick with their purchases.

“Looking at life after the stamp duty holiday, we can expect further Government stimulus to help aid a quick economic recovery and it’s very likely we could see a negative interest rate push mortgage rates to sub one percent.

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