Elevate sees instant response to Stamp Duty cut with 16 sales in first two weeks

Chancellor Rishi Sunak’s Stamp Duty cut aimed at boosting the housing industry has been hailed as an immediate success by a Birmingham-based developer.

Elevate Property Group said 16 properties had been reserved since the Chancellor’s statement on Wednesday 8 July.

David Hofton, sales and marketing director at Elevate, said: “This was a most welcome injection of positivity into the market. The ‘window of opportunity’ created by the chance to save on Stamp Duty up to £500,000 until 31 March 2021 has created an incentive to buy now, rather than wait.

He said that the 16 sales were at Princes Gate in Solihull, Victoria Point, in Ashford, Kent, and at an as-yet unlaunched development for first time buyers in Birmingham.

“All of these sites complete before 31 March 2021, so are ideal for buyers looking to take advantage of savings, and all come with Help to Buy to provide even strong incentives to commit,” he said.

Elevate Property Group currently also has developments underway at Trent Bridge Quays in Nottingham, Heaton House Lofts in Birmingham, Alban House in Hereford, with further projects in the pipeline in Birmingham, Derby, Malvern and Kent.

The business first made headlines in 2014 with Birmingham’s first £1 million apartment on the top floor of Concord House in Holloway Head. Further projects completed in Birmingham include Queensway House, St Paul’s House, Honduras Wharf, Tennent Street Lofts, Assay Lofts, and Queens House in Coventry.

For further information, please contact:
David Hofton, Sales & Marketing Director,
Elevate Property Group, St Pauls House, St Pauls Square, Birmingham B3 1RB
0121 272 5729