Jane Gallifent, development & sales director responds to the rise in stamp duty threshold

Jane Gallifent, development and sales director at Aster Group, said:

“Raising the threshold for stamp duty should restore much needed confidence in the housing market. It’s encouraging news for shared ownership buyers, particularly those in expensive areas of the country where properties valued below the previous cut-off are often hard to come by. 

“It’s vital that steps are taken to energise the market and, from a delivery perspective, there is still a lot of work to do in getting productivity back to where it needs to be. But the stamp duty holiday will make it easier for many people to buy and encourage builders to ramp up completion rates, especially as most development sites are now back up and running.”