Details.
Until 31st March 2021, buyers do not have to pay stamp duty on the first £500,000 of a house purchase. The average buyer is expected to save £6,894.20, while average savings in Mayfair, Marylebone, Regent's Park and Hyde Park are around £15,000. The holiday is likely to benefit more expensive purchases rather than first-time buyers, who do not normally pay the tax.
