of billions of pounds of support pumped in by government and the bank of england. the question is, where does it go from now? few seem to know. the stamp duty cut and extension has been the biggest example of support directly into the housing market, and that is certainly the view of the bank of england, who are keeping a close eye. i think what we re seeing in the housing market at the moment is being driven mainly by the tax holiday. and we ve seen very fast rises in house prices and transactions before tax holidays in the past. there are some signs that people are making different housing choices and that may affect the future. it s something that we re watching very carefully. back in the north west, in chester, tim ricketts sold his previous agency at the top of the 2007 boom. the stamp duty holiday is helping now.
the stamp duty cut and extension has been the biggest example of support directly into the housing market, and that is certainly the view of the bank of england, who are keeping a close eye. i think what we re seeing in the housing market at the moment is being driven mainly by the tax holiday. and we ve seen very fast rises in house prices and transactions before tax holidays in the past. there are some signs that people are making different housing choices and that may affect the future. it s something that we re watching very carefully. back in the north west, in chester, tim ricketts sold his previous agency at the top of the 2007 boom. the stamp duty holiday is helping now. did it help you sell this? oh, i think, yes, without a doubt. yes, it did, because you didn t pay stamp duty. very much so. right. after decades in the business, he thought he had seen everything. we re in this sort of unusual situation now which,
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Stamp duty cut fails to cheer Bengaluru realty firms
March 08, 2021
Reduction will benefit only buyers up to ₹45 lakh
Share prices of Bengalaru-based realty firms witnessed a sudden spurt on Monday around noon as Karnataka government cut stamp duty. But the stocks could not sustain the gains and ended in the red, as analysts said the move will not have much impact.
The stock price of Sobha, which jumped to a high of ₹481.55, closed at ₹460.20, down 0.23 per cent against the previous day s close; Prestige Estates Projects touched a high of ₹304 but closed at ₹293.35, almost at day s low level of ₹292.55; and Brigade Enterprises surged to a high of ₹296.35 but closed 0.37 per cent lower at ₹285.
Why states must follow in Maharashtra s footsteps to revive India s housing market
A simple act like reducing stand duty could be a strong enabler for home buyers returning to the market and keeping the cash inflows of the real estate sector intact
Samir Saran | January 25, 2021 | Updated 10:00 IST
The real estate sector makes up for 8% of India s GDP. Reviving it would help lift overall economic growth, employment, and 250 plus ancillary industries
India s housing market has been sluggish since 2015. Prices have been under pressure and the current ready and under construction housing inventory adds up to more than 8 lakh units across India s top 44 cities, according to Propequity data.