Stamp duty holiday extension is behind the house price increase in March 2021

House prices in the UK have recorded a new high after rising at the fastest pace in six months in March as the chancellor extended the stamp duty holiday. Property values rose by 1.1 per cent, according to the latest Halifax house price index. This was the biggest increase in six months and a stark improvement on the 0.1 per cent reported for February. In annual terms, property prices rose by 6.5 per cent in March, the strongest reading in four months. The average price of a home in Britain is now a record £254,606.

Source: The Times