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The UK has been riding high on the crest of a property market wave through the first half of 2021 with sales records broken and broken again. But with the end of phase one of the stamp duty holiday now a distant memory (like our heatwave!), is there a market slowdown in sight?
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Despite the end of the first phase of the stamp duty holiday at the end of June, you can read all over the press about how it is still a seller’s market, with demand for homes still far outstripping supply. Many new buyers entered the market in the first half of 2021 following reassessment of where they wanted to live and what they were looking for in a home during the national lockdowns but have been unable to secure the perfect home ahead of the June 30th deadline, due to the intensely competitive market.