David Alexander

The lettings firm said First Minister Nicola Sturgeon could make a “competitive difference for Scotland” by extending the tax holiday north of the border beyond the equivalent in the rest of the UK.

David Alexander, joint CEO of apropos by DJ Alexander, said: “There is an opportunity for the First Minister to create a major difference for the people of Scotland and the housing market by extending the deadline for the ending of the LBTT holiday from 31st March to later in 2021.

“Scotland has been enjoying a boom in the property market since the lockdown began in March with average house prices rising by 6.8% between March and September from £151,285 to £161,510 which is much higher than the performance of the rest of the UK.

“With the need to kick start the Scottish economy this provides an ideal opportunity for Ms Sturgeon to give a boost to the housing market. It will also provide a financial boost to many Scots to know that their property is increasing in value during this difficult period.”

He added: “The First Minister is fond of developing policies that differentiate Scotland from the rest of the UK and extending the LBTT holiday for a further six months or so would do just that. It would help the economy, help the Scottish people, provide an incentive for individuals and companies to invest, and send a signal that Scotland can go its own way on key financial issues.”