The Royal Institute of Chartered Surveyors (RICS) calls for a Stamp Duty holiday to assist a post-pandemic housing market.

The March 2020 RICS UK Residential Market Survey results highlight that despite the first few months of the year showing a marked pick-up in market activity, this month will have a significant impact on the outlook for the rest of the year.

Hew Edgar, RICS Head of Government Relations commented: “RICS is not an organisation that would call for a stamp duty holiday on a whim, and indeed our view prior to Covid-19 was that it required a full-scale review. These are exceptional circumstances and the Government will need to consider all avenues that could feasibly rebuild confidence, bridging the gap between uncertainty and recovery”.

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