The end of the stamp duty holiday tax – which comes in force in the spring – is likely to have a small impact, according to Hometrack.

Gary Styles, strategy, risk and economic director at Hometrack, explained that the overall impact – within the context of the current levels of transactions taking place in the market at present – was going to be minute.

"It is first-time buyers who are particularly having problems being able to get a deposit at the moment in terms of the market," he said.

"Anything that can help first-time buyers particularly would be of benefit, but we are talking about a relatively small impact given the overall level of transaction volumes in the market anyway."
His comments come on the back of the National Association of Estate Agents (NAEA) reminding first-time buyers that the government's holiday on stamp duty is ending on March 24th.

"With only two months remaining, first-time buyers must act quickly to avoid paying stamp duty land tax on their first home purchase," advised Wendy Evans Scott, president of the NAEA

"If you're currently in a chain and waiting to complete your purchase then make sure that others in the chain know about the end of the tax holiday too."

A self storage unit is great way to declutter your home.

Posted by Fiona Mayers

Looking for storage in Central South? Contact us free on 0800 444 800 now.