Home buyers hesitate as stamp duty holiday ends: Number of enquiries from potential purchasers starts to fall as suspension of levy finishes
The number of enquiries by house hunters has started falling as stamp duty savings come to an end. More estate agents said contacts from new buyers were falling rather than rising in July, according to the Royal Institution of Chartered Surveyors . It brings to an end a four-month 'positive streak' for the UK market based on the number of enquiries. The stamp duty holiday introduced by Chancellor Rishi Sunak in England is being gradually reduced from July and the 'nil rate' band will revert to normal from October. More estate agents said contacts from new buyers were falling rather than rising in July, according to the Royal Institution of Chartered Surveyors This means many buyers agreeing deals now are likely to miss out on stamp duty savings. The number of transactions has slowed most notably in Yorkshire and the Humber, the East Midlands and East Anglia, the report said. However, a lack of supply is still underpinning price growth, the institution added. Growth in p