Around one in five home buyers who agreed a deal last July when a stamp duty holiday was announced have still not completed their purchase, analysis suggests.
The stamp duty holiday is due to end on March 31 2021.
Rightmove has estimated that around 100,000 buyers who agreed a purchase before Christmas will fail to complete by the stamp duty deadline, and could be faced with a tax bill.
Its latest analysis suggests that of those buyers who agreed a purchase during the month the stamp duty announcement was made in July last year, one in five remain stuck in the “logjam” more than six months later.
Tim Bannister, Rightmove’s director of property data, said: “Whilst it’s too late for the stamp duty holiday, there are good reasons to come to market now, especially if selling a property suitable for a family.
“There are more possible buyers looking and fewer suitable alternatives to divert their attention away from yours.”
Rightmove also found that the average price tag on a home coming on the market increased by around £1,500 in February.
From PA
