23rd March d-day for listings

The 23rd March 2021 is the date English sellers should aim to have their home on the market for if they want to benefit from the extended stamp duty holiday, according to Rightmove.

According to the portal, on average it takes 65 days for a seller to find a buyer for their home. Following that, it takes 126 days to complete the housing transaction.

The portal says:

“Based on this, sellers should be looking to come to the market by Tuesday March 23rd if they want to make sure their buyers can make use of the tapering end to the stamp duty holiday by the end of September.”

Rightmove’s Director of Property Data Tim Bannister says: 

“The stamp duty holiday extension, coupled with the introduction of five per cent deposits, has given many people the certainty they have been looking for to press ahead with their home-moving plans. We expect this to help spring market activity and could encourage more sellers to come to market especially in the areas where property prices are lower.

“Many people who may have been delaying a move for a whole multitude of reasons now have the impetus and encouragement to take their next life step – whether it’s getting a foot on the property ladder as a first-time buyer or trading up for more space and a bigger garden.”

Today's Conveyancer