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Stamp duty holiday deadline

TomS - Head Tom Simper Oct 7, 2020, 15:00 PM
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With just under 26 weeks of the stamp duty holiday left, even with homes selling 31% faster than before lockdown, sellers only have 10 weeks to list their properties if they want to complete in time.

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According to The Advisory, the average time to sell a property, from first day of marketing to completion, is on average 18 weeks and in a hot market, like today, it can take on average 16 weeks.

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Buyer demand in August was 39% above the same time last year and mortgage approvals saw a 29% annual increase, indicating that there are plenty of buyers out there.

Although 31st March 2021 seems a long way away, vendors need to consider the time scales of selling homes and act now. Source: Dataloft, The Advisory.

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