Blog Post
Stamp duty holiday deadline
![194-Dataloft-Weeks-of-Stamp-Duty-holiday_UPDATE_6_October_hot 194-Dataloft-Weeks-of-Stamp-Duty-holiday_UPDATE_6_October_hot](/images/default-source/default-album/194-dataloft-weeks-of-stamp-duty-holiday_update_6_october_hot.jpg?sfvrsn=5b633e30_1)
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.
![194-Dataloft-Weeks-of-Stamp-Duty-holiday_UPDATE_6_October_normal 194-Dataloft-Weeks-of-Stamp-Duty-holiday_UPDATE_6_October_normal](/images/default-source/default-album/194-dataloft-weeks-of-stamp-duty-holiday_update_6_october_normal.jpg?sfvrsn=3a633e30_1)
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.
![194-Dataloft-Weeks-of-Stamp-Duty-holiday_UPDATE_6_October_cold 194-Dataloft-Weeks-of-Stamp-Duty-holiday_UPDATE_6_October_cold](/images/default-source/default-album/194-dataloft-weeks-of-stamp-duty-holiday_update_6_october_cold.jpg?sfvrsn=d633e30_1)
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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