Private Finance comments on Quarterly Stamp Duty Land Tax Statistics, Q3 2019
Shaun Church, Director at Private Finance, comments on the Quarterly Stamp Duty Land Tax Statistics, Q3 2019, published by HMRC.
“A pre-Brexit rush saw stamp duty receipts soar by 20% over the summer as many movers looked to complete their house purchases in advance of what was anticipated to be the UK’s departure from the EU.
“A further extension to Brexit, combined with a general election and Christmas, might be expected to quell any further flurry of activity into Q4. But in reality, the patience of many buyers has been depleted and we could be set to see buyers resuming their search, defying the uncertainty that continues to rumble on. With house price growth continuing to ease in the face of this uncertainty, buyers willing to make a move over the next few months could stand to gain a potential property bargain.”
Kindly shared by Private Finance