Our Chief Commercial Officer, Paul Stockwell, comments on the Chancellors announcement on Stamp duty
“We welcome the Chancellors announcement today, to help strengthen the housing market. The property market has rebounded since re-opening in May, but uncertainty surrounding house prices means many buyers have been tentative about committing.
“The stamp duty cut on homes up to £500,000 will be a valuable incentive to encourage more buyers to buy or move home, especially in property areas like London and the South East where stamp duty costs are high.
“Home movers have been less active than first-time buyers in the past year, but we may see this trend reverse as owners look to make significant savings when they upsize or downsize their property.”