LONDON (CU)_In June this year, the number of homes which changed hands in the United Kingdom surged to the highest level on record, exceeding 213,000 in sales according to HM Revenue and Customs. This sudden boom in activity was attributable to the stamp duty holiday introduced by the government on property purchased in England and Northern Ireland. In July 2020, Chancellor Rishi Sunak decided to raise the level at which tax on property purchases to be paid from £125,000 to £500,000, with the aim of warding off a collapse in the housing market amid the COVID-19 pandemic. Although this figure was expected to be brought down to £250,000 by the 31 March, it was later extended to the end of June.
Therefore, with the full stamp duty holiday expired, homeowners in the European nation made…
