Stamp Duty receipts hit record

 Stamp duty receipts hit a record high of nearly £3bn in the last quarter of 2021.

The British obsession with properly continued in 2021, with stamp duty receipts in the last quarter of 2021 nearly reaching £3bn, a nice windfall for the Government from the pandemics boom in the housing market.

The stamp duty receipts of £2.95bn beat the previous record of £2.6bn from the third quarter of 2017.

Higher prices are a significant driver of stamp duty receipts with the covid pandemic driving prices up. Economists are predicting this will abate with affordability becoming stretched and expected interest rates rises, estate agents are also reporting a lack of supply of houses and an oversupply of flats.

Also the deposit required by an average first time buyer is now at a record high of total gross annual earnings, this is expected this to dampen price growth.

Location: Guildford, UK

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