Property market rush expected before stamp duty holiday ends

The UK government is tonight under renewed pressure from consumer groups in the UK with the forthcoming ending of the stamp duty holiday on 31 December. Under recent regulations introduced by the government, homes with a the value of under £175,000 will not attract stamp duty if the deal is completed prior to 31 December at which point the system reverts back to "normal". However, there are calls for the stamp duty exemption to be extended as not all analysts are convinced that the UK property market has turned the corner.