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Stamp duty: Buyers warned to ‘hold off’ until holiday is over as UK house prices surge

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The property expert said the latest figures suggest a shift in buyer behaviour as Britons move away from big cities to more affordable areas.

He added: “These statistics are very telling of a seismic shift in buyer behaviour to move away from big cities up to northern areas where house prices and the cost of living are, on average, significantly cheaper.

“However, for anyone looking to buy a property, it might just be a good time to invest in the Capital.

“For anyone looking to buy a property in the UK, I would advise them to hold off until October – once the stamp duty holiday has finally come to an end.

“Prospective buyers should look to be prepared, know exactly what they want in a property, and be ready to act fast.”

However, Jonathan Hopper, CEO of Garrington Property Finders, said the influence of the stamp duty holiday may be “subsiding”.

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