Stamp duty announcement sparks 'mini-boom' in local property market

Established in Gee Cross, estate agents On The Move have been helping people move on to their next chapter for over ten years.

On July 8, Chancellor Rishi Sunak announced an immediate raise in the Stamp Duty threshold, increasing it to £500,000 until March 2021. 

This means that anyone buying a house below that amount will have to pay no Stamp Duty at all. The move will benefit 9 out of 10 homebuyers, saving them an average of £4500.

Its effects are already being felt locally, says Annabelle Jardine-Jones, owner of On The Move Property Boutique in Gee Cross, Hyde. 

With interest already high following the relaxation of lockdown, On The Move have seen a surge in people looking to take advantage of the Stamp Duty Holiday.

Now, says Annabelle, is an excellent time to buy or sell in Gee Cross, Hyde, and the surrounding areas. 

Established in Gee Cross, estate agents On The Move have been helping people move on to their next chapter for over ten years.

Weather

  • Mon

    18°C

  • Tue

    19°C

  • Wed

    13°C

  • Thu

    12°C

  • Fri

    12°C