How long before stamp duty ceases to suffocate the housing market?
According to official reports, chancellor Philip Hammond is said to be considering scrapping off stamp duty for first-time buyers. The potential abolishing of stamp duty will not only benefit first-time buyers but also second-time buyers and overseas investors who are looking to upsize in London. The long-awaited stamp duty reform reports come as we are a few days away from the Autumn Budget speech and have raised expectations for a significant boost to the housing market in Britain.