UK Property Transactions Falter with the Withdrawal of the Stamp Duty Holiday
This week, HM Revenue & Customs figures showed a drop of 63 per cent in property transactions in comparison to the month of June. You don’t have to wear a deerstalker to know that this is related to the stamp duty holiday drawing to a close. From July 1st the
Bidding wars are rife as demand outstrips supply in the housing market but will all sales have been worth the battle?
The seesaw battle between supply and demand is long fought, but currently the UK housing market is buckling under the strain, desperate for reinforcements, as supply struggles to keep up. Last week saw Savills adjust their property forecast with an upward trajectory predicting Average UK house prices to rise +4 pc