Copperstones Properties

Stamp Duty Deadline – What is the Aftermath for UK Property Market?

Wooden blocks and a house

June 30, 2021 was the last day for the property buyers to take full benefit from stamp duty absence – announced last year in July. It was a commendable decision by the UK government that was imposed during global pandemic to curb its impact on the UK property market. Stamp duty absence offers buyers to save up to £15,000 on the purchase of a property worth £500,000. Interestingly, serious buyers responded well to the stamp duty holiday and a considerable surge was noticed across the UK property market – both in terms of demand and prices.

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