While the pandemic has brought about a standstill for the UK property market, the upcoming stamp duty holiday might just be the thing to bring it back to life.
Commenting on whether the government may in the future raise the stamp duty levy later on, Black Brick’s Camilla Dell shared in Forbes:
“If you look at past recessions and the speed of the property market recovery, we can predict that the Treasury will most likely not raise stamp duty to make up for this until a year or so down the line, once property prices and transactions have risen again.”
Read more in the article here.