Where a chronic shortage of homes is strangling the property market telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.
Extended stamp duty holiday will send house price boom north
Half of the areas that will benefit most from the second phase of the stamp duty holiday are in the South West, North and the Midlands
Worcester will benefit from some of the highest tax savings in proportion to house price
The switch to a £250,000 nil-rate band stamp duty holiday in July will create a new set of hotspots, shifting the main beneficiaries of the tax break into lower-priced markets. In the areas that have the largest savings as a proportion of the local prices, buyers’ purchasing power will significantly increase. This will send demand, and prices, higher.