The Stamp Duty holiday, first introduced by Chancellor, Rishi Sunak on 8 July 2020, has been extended and is now due to end on 30 September 2021. After 1 October 2021 Stamp Duty in England and Northern Ireland will return to previous levels.
The Nationwide Building Society has reported UK house prices soared 10.9% in the year to May, the highest level in seven years. The average house price has risen to £242,832, up £23,930 over the past twelve months.
As UK house prices reaching another record high in April, buyers, sellers, and property professionals are all quietly pondering the same question: can the numbers keep going up?