Should potential home buyers keep off until the post-2022 stamp duty holiday?

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The stamp duty holiday ended in September-September, which means the stamp duty threshold has now returned to its pre-epidemic stage. But what does this mean for you if you are planning to buy? Should You Start House Hunting Now? Or is it better to give a few months time for the market to stabilize? See your options here.

What is stamp duty?

Stamp duty is a type of tax. You pay it on properties above a certain price in England and Northern Ireland. From 1 October 2021, you will pay stamp duty on properties purchased for 125,001 or more. How much you pay depends on the value of the property.

Scotland and Wales have similar property taxes, although the thresholds are different.

What was the stamp duty holiday?

In July 2020, the UK government increased the limit for stamp duty.

  • No stamp duty was levied on property under £ 50,000 between 8 July 2020 and June0 June 2021.
  • From 1 July 2021 to 30 September 2021, buyers did not pay stamp duty on properties purchased for £ 250,000 or less.

The theme of the holiday was to encourage buyers during the epidemic and to stimulate the housing market. However, as the country is slowly recovering, the stamp duty threshold has now returned to its pre-epidemic stage. The result? As before the epidemic, if you bought a home worth £ 125,001 or more, you would pay stamp duty.

So, should you buy a house right now? Or is it worth keeping it closed to see what the house price will be in 2022?

What is happening with the price of the house at the moment?

Surprisingly, the stamp duty holiday was encouraged in the UK housing market and buyers rushed to find their perfect home before 1 October. However, just because stamp duty is effective, does not mean that we will see a sudden drop in home prices this fall.

Why? Because there is still a high demand for property – the market has not changed dramatically overnight. Prices are likely to rise in the short term as sellers try to capitalize on buyers in hopes of pre-Christmas action.

What’s more, the market still has relatively less supply than demand, according to Jupler. Basically, then, it’s a buyer’s market, with multiple buyers bidding on the same feature – for now, whatever.

Should I wait until 2022 to buy a house?

That might be a good idea, according to Ross Counsel, a chartered surveyor and director at Goodmov. But why for a few more months? Okay, there are a few reasons, but the biggest is supply and demand.

Most buyers who really wanted to relocate before the end of the year bought a property during the stamp duty holiday. So, we can expect that fewer people will compete for the same feature in the next few months.

The result? Low demand means sellers (ultimately) have to lower their home prices to bring buyers back to market. This means you will get your perfect property cheap in a few months.

Here’s what Ross Council wanted to say: “We’re advising potential buyers to wait until the New Year before purchasing, so that the housing market’s stamp duty can be stabilized after the holidays, making it easier for buyers to navigate.” For. ”


The result? Without a definite reason to buy a home right now, it would be wise to sit tight until the beginning of 2022. Stamp duty can pay to see how the market adjusts after the holiday.

Whenever you move house, don’t feel pressured to buy a new property বিশেষ especially if you are a first-time buyer. Get financial advice if you are not sure that you can afford a mortgage and do not promise property that you cannot afford.

Once you are ready to move, be sure to take out home insurance. Check out price comparison sites like

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