Rightmove has estimated how many people benefitted from the holiday and the estimated total saving in England.
It says some one million households moved to properties that benefitted from a stamp duty saving between the holiday being announced in July 2020 and its conclusion last Thursday.
This totals an estimated saving of £6.1 billion across all of England. And the portal says buyer demand in England is now 43 per cent higher than in September 2019.
Tim Bannister, Rightmove’s property expert comments: “Around a million households made tax savings since last July, which provided some people with an added incentive to move, especially in the higher price brackets.
“We’re still seeing much higher levels of demand for homes than in 2019 so it’s clear there have been a number of other reasons for making this summer the time to move to a new home.
“There are still [stamp duty] savings to be had for first time buyers, so this hasn’t signalled the end of savings altogether and we’re expecting the market to stay busy for the rest of the year and into next year.”
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I like the article when it says some 1 million house movers benefited from the stamp duty holiday. Have they worked out how much they lost due to increased house price by the owners?
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