Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent assessment he has made of the effect of the July 2020 stamp duty holiday on the housing market; and if he will make a statement.
The SDLT holiday was designed to create an immediate boost in housing transactions. In April 2020, during the peak of the first lockdown, transactions fell by more than 50% on the month before.
The number of property transactions has increased each month since then and, according to the latest data from HMRC, in November 2020 there were 13% more transactions than in November 2019.
Officials are monitoring the housing market closely.