Budget 2021: Shares in housebuilders rise as stamp duty holiday extended, in move cheered by estate agents

Online estate agent Purplebrick’s boss Vic Darvey, said: “The three month extension will come as a real relief for many movers who are now likely to complete in time. For these people, it’s a welcome reprieve and gives them, the industry and the wider economy some much needed breathing space.”

Guy Gittins, chief executive of Chestertons, said: “The Chancellor’s confirmation of a stamp duty holiday extension comes as a relief to hundreds of thousands of people who will be able to complete their property transactions with substantial tax savings.”

Sarwjit Sambhi,the boss of developer St. Modwen Properties, said: “This extension should go some way in alleviating the anxiety the cliff edge has caused for homebuyers across the country, and we welcome the phased reduction to October to avoid another administrative bottleneck come June.”