As the initial stamp duty holiday ended in July the demand for property reduced by 9% but remains significantly up on normal market levels.

About 100,000 buyers already agreed to complete will miss the stamp duty holiday deadline leading many to expect an extension.

Rapid start to the year as buyer demand increases 13% across all regions and new house prices highs despite the third lockdown.

The government is not considering a stamp duty holiday extension after calls for more time following the latest Coronavirus Tier 4 rules.

Lockdown demand remains high with new sellers pricing keenly to complete before the stamp duty holiday which ends next March.

Post lockdown the UK housing market is in a mini-boom with asking prices at record highs and rising £7,640 this month.

The Chancellor has launched a stamp duty holiday to help kick start the property market saving buyers thousands for a new home.

While campaigning for prime minister Boris Johnson may make radical changes to Stamp Duty cutting the cost to homeowners.

Since stamp duty was abolished for first time buyers with homes valued under £300,000 total savings have amounted to £284 million.

New stamp duty relief introduced by the government has saved first time buyers £2,300 on average when buying their first home.

Changes in the budget means most first time buyers will not pay stamp duty but the OBR expects house prices to rise instead.

Higher house prices and stamp duty mean the cost of moving home in London has risen to £32,092 or 47% higher than a decade ago.