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Property sales agreed in July will miss stamp duty deadline after logjams


Property sales agreed in July will miss stamp duty deadline after logjams
Supply of homes for sale falls by a fifth and pushes up asking prices
The property market logjam means one in five buyers who agreed sales in July last year are still at risk of missing out on stamp duty savings of up to £15,000.
Extreme processing delays mean the share of sales agreed in July that are still yet to complete is double the level of last year, according to property website Rightmove.
This means that even buyers who agreed to purchase a home the day after the stamp duty holiday was announced may now – with six weeks until it ends on March 31 – still be at risk of missing the deadline. ....

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The property markets defying the stamp duty slump


The property markets defying the stamp duty slump
In some areas buyers are snapping up properties in days, while in others homes languish on the market
11 February 2021 • 6:00am
This property in Norfolk, for sale with Savills, is in one of the areas where demand is continuing to soar
As the end of the stamp duty holiday nears, Britain’s red-hot property market is starting to polarise. In some places demand is higher than ever, with homes snapped up in days; in others it is cooling. Analysts have predicted a drop in demand after the tax break ends on March 31.
Using research by PropCast, a data company, we located the top five counties across England for sellers, where the market is still racing. ....

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