House sales picked up sharply in March as stamp duty holiday was extended
April 8, 2021, 12:05 am
House sales picked up sharply in March, according to the Royal Institution of Chartered Surveyors (Anthony Devlin/PA)
House sales picked up sharply in March amid signs that the extension of a stamp duty holiday had an immediate impact on the housing market, according to surveyors.
A net balance of 50% of property professionals reported an increase rather than a decrease in agreed sales, the Royal Institution of Chartered Surveyors (Rics) said.
It marked the strongest sales surge since last August.
A stamp duty holiday had been due to end on March 31, but this was extended in the recent Budget.