Rumoured stamp duty extension to end of June – latest estimates
February 24, 2021
Following the latest rumours that the stamp duty holiday could be extended to the end of June, here is the estimated effect it could have:
- Rightmove estimates an additional 300,000 property transactions in England could benefit from the tax saving, based on previous HMRC data
- If an additional 300,000 transactions made it through, buyers could save £1.75 billion in total
- Based on the current sales that have been agreed in England, 80% would pay no stamp duty due to this holiday
There are an estimated 628,000 sales in total still currently in the legal process across Great Britain, including those that were agreed last year and those that have been agreed so far this year.
Currently, Rightmove estimates that 100,000 buyers who agreed a purchase last year are set to lose out, if the deadline stays as 31st March.
You May Also Enjoy
First-time buyers face highest hurdle in England
The latest research from Yopa has found that while first-time buyers in England continue to face the highest cost of getting a foot on the property ladder, at £27,807, it’s their Scottish counterparts who have seen this cost rise by the largest margin over the last year, increasing by 5.5%. Yopa analysed* the current cost…
Read More 
Rental price and average salary tracker – January 2026
Seasonal cooling deepens regional rent declines, while affordability pressures remain structurally high Month-on-month rental prices fell across the majority of regions, with particularly pronounced drops in the North East (−10.0%), South West (−8.1%), Yorkshire and Humberside (−7.4%), and Wales (−6.1%), highlighting a clear seasonal slowdown as demand softens post-Christmas. Year-on-year salary requirements show only modest…
Read More 
Property values hit £300k for first time
The latest Halifax House Price Index for January 2025. On a monthly basis, house prices increased by 0.7% between December and January, reversing the decline of -0.5% seen between November and December of last year. Annually, house prices were up 1% versus this time last year, with this annual rate of growth accelerating when…
Read More 
Average UK house price rises at the start of 2026
• House prices increased by +0.7% in January, following a -0.5% fall in December • Average property price is now £300,077, rising above £300k for the first time • Annual growth at +1.0%, up from +0.4% in December • Regional differences in house price performance have become more pronounced Amanda Bryden, Head of Mortgages,…
Read More 
London basements boost value by up to 20%
The latest market analysis by prime London property brokerage, Jefferies London, reveals that London homebuyers who want to secure a property with a basement face a tough task. Not only do these much sought-after spaces increase a property’s value by up to 20%, but they’re also incredibly rare, found in only 2% of the capital’s…
Read More 
Bailey applies the brakes but ‘two more 2026 cuts priced in’
Vote to hold rates ‘closer than expected’ as Bank of England eyes April for 2% inflation target Focus turns to US and Japan in impact they play on shape of global investment flows says Rathbones’ Head of Market Analysis Kirsten Pettigrew, Senior Financial Planner, warns of making financial decisions based on speculation around rate trajectories…
Read More