5 holiday homes for sale in Cumbria (Photo: Pixabay/ Rightmove) Demand for domestic UK holidays this summer will exceed pre-pandemic levels, according to a new survey. The poll of 2,000 consumers by market research agency Mintel indicated that a total of £7.1 billion will be spent on so-called staycations between July and September. This is up from £5.8 billion in 2019. Although the value of the domestic holiday market across 2021 as a whole is expected to be 11% short of 2019 levels, Mintel expects it to fully recover next year. Mintel associate director Marloes De Vries said demand for domestic breaks could reach a 10-year high this summer due to huge pent-up demand after many 2020 trips could not take place due to the coronavirus pandemic.
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Cumbrian homes that are under the stamp duty threshold (Photo: Zoopla/Rightmove/Stefan Rousseau/PA) EARLIER TODAY, Rishi Sunak announced the 2021 budget. One of his announcements was about the stamp duty holiday which was previously scheduled to end at the end of March. However, this deadline has been extended until 30 June, meaning prospective buyers still have the chance to make savings on their properties. The new £500,000 nil rate band for #StampDuty won t end on 31st March, it will end on the 30th June. Then, to smooth the transition back to normal, the nil rate band will be £250,000, double its standard level, until the end of September. #Budget2021pic.twitter.com/jq7APWRP5M Rishi Sunak (@RishiSunak) March 3, 2021
Budget 2021: Cumbrian homes that are under the stamp duty threshold EARLIER TODAY, Rishi Sunak announced the 2021 budget. One of his announcement surrounded the stamp duty holiday which was previously scheduled to end at the end of March. However, this deadline has been extended until 30 June, meaning prospective buyers still have the chance to make savings on their properties. The new £500,000 nil rate band for #StampDuty won t end on 31st March, it will end on the 30th June. Then, to smooth the transition back to normal, the nil rate band will be £250,000, double its standard level, until the end of September. #Budget2021pic.twitter.com/jq7APWRP5M Rishi Sunak (@RishiSunak) March 3, 2021