Rightmove has revealed that with people looking to get their properties sold before the stamp duty holiday comes to an end in March 2021, the average asking price in October was £1,505 less than in September, falling 0.5% to £322,025. Analysis shows that through October, demand and activity was strongest in price bands where buyers will make the biggest savings thanks to the stamp duty holiday, with the number of sales in the £400,000 to £500,000 price band up 106% year-on-year. Meanwhile, the property portal estimates that 650,000 homes in the UK are currently in the process of being sold, a 67% increase on the total recorded a year ago.

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