
House sales jumped in December ahead of stamp duty changes this spring
The IndependentSign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy House sales jumped by nearly a fifth in December, compared with the same month a year earlier, new figures show, as estate agents reported signs of home buyers in some locations rushing to beat a stamp duty deadline. No doubt buyers across London and the South East in particular would have been pushing for deals to get across the line given the traditionally higher tax rates in this part of the country Nick Leeming, Jackson-Stops From April 1, the “nil rate” stamp duty band for first-time buyers will shrink from £425,000 to £300,000. “No doubt buyers across London and the South East in particular would have been pushing for deals to get across the line given the traditionally higher tax rates in this part of the country. Jason Tebb, president of OnTheMarket, said: “Two rate reductions in the second half of last year bolstered buyer and seller confidence, and with further cuts expected this year, there is cautious optimism which bodes well for the spring market.” He added: “With stamp duty changes providing an extra motivation for first-time buyers in particular to transact over the next few months, a further rate cut from the Bank of England would be timely and give further impetus to the spring market.”
History of this topic

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