Rightmove yesterday recorded a sharp rise in searches for property on its website as it was forced to deal with pent up demand for homes following the chancellor Rishi Sunak’s decision to cut stamp duty until 31 March 2021, in a bid to boost the struggling housing market which has taken a hit due to the coronavirus pandemic.
Homemover momentum has been building ever since the secretary of state for housing, communities and local government, Robert Jenrick, reopened the housing market on 13 May.
But yesterday proved to be one of the busiest post-lockdown days, based on the number of visits to Rightmove and the amount of time people are spent on the website.
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