Stay up to date on the latest property news in the UK with our experts at reallymoving
Our latest House Price Forecast shows that with increased buyer activity and the Stamp Duty holiday, prices could rise by as much as 8.1% between June and October.
The move follows similar property tax holidays in England, Scotland and Northern Ireland.
The change to tax thresholds, announced last week, will apply to property transactions from 15 July.
Changes in the thresholds for property tax in England, Northern Ireland and Scotland have been announced to help the market recover from the coronavirus pandemic.
Wales has taken the first step in opening up its housing market.
People will be able to move house in Scotland when the country moves into phase 2 of its lockdown exit plan.
From this coming Monday house moves will be able to take place in Northern Ireland again.
House prices are expected to fall in the next quarter as a result of the Coronavirus lockdown.
The government announces that even during lockdown those in England can buy, sell and move homes. They hope this will allow the 450,000 people in the middle of moving to complete their transactions.
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