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Why we're set for a twin-speed housing market

The belief that the stamp duty break would end on March 31 caused a predictable frenzy among home buyers and sellers in February. Transactions were almost 50 per cent higher than the average over the last five years and up more than a fifth on January’s level, according to the latest figures from HMRC. 

The jump in housing transactions reported for February might not repeat to the same extent over the coming months, but the extension to the tax holiday means annual comparisons may well remain positive. March house price indices seem likely to indicate a renewed flurry of activity.  

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