Will Stamp Duty Cause A Cliff Edge For Property

Brett Alegre-Wood
November 19, 2020

London Property is always kicks off first

London Property market is starting to move. If you have the money to buy and you have done your due diligence, I will say go for it!

Any thoughts of Stamp Duty holiday is likely to be extended to avoid cliff edge on house prices which impacts good consumer confidence and growth recovery do i think it will be extended?

The 3+1 Plan Brett AlegreWood
The 3+1 Plan Brett AlegreWood
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It's a very different market in Scotland, it's a smaller market. There's some fundamental changes namely oil and gas with all the issues there and that I know Aberdeen and a few of those places house prices have dropped considerably. So, it depends on how that's reacted.

I don't think it will all right that's just my gut feel right now I don't think it will I think this it's a bit like with the evictions you know they said there's 60,000 evictions going to happen and you know it's going to be a massive thing and the reality on the figures was actually nowhere near that. I think the same thing with this stamp duty cliff edge, I think yes it's taking longer to get those sales processed and that sort of thing so yeah a few people might miss out.

Do I think you know and look it depends what happens the next three months if the market continues to boom boom boom all through winter then maybe we're going to have a problem where we have a cliff edge. And maybe they will do something but I'm not so sure that that's going to really be a big thing. Will they maybe change it so they integrate it better you know so graduate it back in, possibly you know but i think it depends what happens over things. 

If things slow down now and then you know the backlog is able to catch up then you know I actually don't think there will be. I'm not going to see it. I'm not planning on being extended.

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Any thoughts of Stamp Duty holiday is likely to be extended to avoid cliff edge on house prices which impacts good consumer confidence and growth recovery do i think it will be extended?

I don't think it will all right that's just my gut feel right now I don't think it will I think this it's a bit like with the evictions you know they said there's 60,000 evictions going to happen and you know it's going to be a massive thing and the reality on the figures was actually nowhere near that. I think the same thing with this stamp duty cliff edge, I think yes it's taking longer to get those sales processed and that sort of thing so yeah a few people might miss out. Do I think you know and look it depends what happens the next three months if the market continues to boom boom boom all through winter then maybe we're going to have a problem where we have a cliff edge. And maybe they will do something but I'm not so sure that that's going to really be a big thing. Will they maybe change it so they integrate it better you know so graduate it back in, possibly you know but i think it depends what happens over things. If things slow down now and then you know the backlog is able to catch up then you know I actually don't think there will be. I'm not going to see it. I'm not planning on being extended.


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