Housing market feels effect of stamp duty holiday ending23 Nov 2021 11:41
UK property transactions fell sharply last month as the effect of the stamp duty holiday finally ended.
According to HMRC, residential transactions fell 52% from September to October to 76,930. This is also 28.2% lower than October 2020.
Iain McKenzie, chief executive of The Guild of Property Professionals, said: "While transaction numbers may be lower now the stamp duty holiday has ended, the fact that the demand for properties currently far outstrips supply means that prices are likely to keep rising.