With almost 975,000 transactions, 2021 saw the highest volume of residential house sales in the last 10 years. This level of enthusiasm was mirrored in the second-home market with around 24,000 purchases thought to have taken place. Whilst it seems the SDLT holiday may have helped achieve these levels of activity, HMRC coffers were still boosted by over £11 billion from SDLT in the first 11 months of the year. Lucian Cook, head of residential research at Savills, said: “…Over the past 18 months we’ve seen lifestyle drivers and low interest rates support incredibly strong levels of house price growth and a real surge in activity. The Treasury has particularly benefited from high transaction volumes at the top end of the market…”.