4 ms·

There is definitely more demand now and the lower stamp tax helped. I wonder what's going to happen once that's over, especially if the economy won't be doing

• hnlmorg 5y ago
  We're already seeing what happens next because any houses on the market now wont sell in time for the "stamp duty holiday". This has pushed house prices down and slowed the market. The BBC article is already out of date.
• arnvald 5y ago
  There was a similar situation in the Netherlands. Normally stamp tax is 2%, but for a few months this year it was 0% for people buying their first apartment. Today I talked to agent that helped me buy my place and I asked him whether the prices finally plateaued since that tax incentive is gone now. He said they didn't, the demand is still so high that prices keep growing, even in Amsterdam where they're already very high.