Stamp Duty Holiday extension triggered a 22% spike in property transactions

Stamp Duty Holiday extension triggered a 22% spike in property transactions
24th June 2021

More than 171,000 additional property sales have taken place in the last year, which is a 22% rise in monthly transactions!*

Over 103,724 residential property transactions took place – on average – each month since the tax break was introduced in England in 2020.

Compared to the previous year, which saw an average of 84,691, this is a staggering increase of 22%.

If you are wanting a quick sale where you could be getting the best price for your property, now could be the best time to act. 

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What else has changed?

Because of high levels of demand, we have seen an adjustment in property prices across the UK.

The stamp duty tax holiday led to a 7% rise in property prices between June 2020 and February 2021, adding £17,265 to the average price of a home for sale in England.

Do you need help with the first steps of selling your home? Get in touch with Bramleys below.

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