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With the stamp duty holiday due to end 31st March there is a lot of speculation regarding what may be announced over the next few weeks
The chancellor is due to deliver his budget on Wednesday 3rd March. It may be that no announcement is made until this. However, there are a number of options available to him.
Firstly he may just allow the stamp duty holiday to end as planned. This could cause some pressure in with ongoing sales that aren’t able to complete by 31st March due to unforeseen last minute legal issues.
He may choose to extend the stamp duty holiday by another few weeks and months. This may just ‘kick the can down the road’ and cause similar problems to those described above in a few weeks time.
Many commentators are suggesting a tapered return of stamp duty over a number of months in order to soften the impact of its return on progressing sales.
Watch this space for further updates!
Aldreds Gorleston office continue to be the #1 agent in NR31. How do we achieve this time and time again? Fantastic marketing, amazing staff and our fantastic clients who come back to us time and time again. Thinking of selling? Call us in Gorleston office today or 01493 664600
At Aldreds we have identified that offering our clients the very best photography is crucial to successful marketing and achieving sales at the best price. Especially in a period where more property searches are starting online. We can now offer all clients our enhanced photo package at the point of instruction.
Thinking of selling. Call us today for your no obligation appraisal.