Demand for all UK property is up, but price range reflects chancellor’s £500,000 limit
The number of buyers looking for homes has surged in the month since the chancellor announced a stamp duty holiday, with demand for properties costing between £500,000 and £750,000 showing the biggest uptick, according to figures from the UK’s largest estate agency chain.
Between 8 July and 8 August, the number of people registering to buy across the country was up by 38% on the same period last year, boosted by the stamp duty holiday on properties costing up to £500,000, Hamptons International said.
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