A year after increases were made to the Stamp Duty threshold

A year after increases were made to the Stamp Duty threshold, buyer confidence is still high as we enter the spring period, with 69% of buyers feeling just as confident about their purchase plans as they did a year ago.

While the motivation to move is substantial (the majority of respondents expect to complete their transactions within 6 months), many buyers consider Stamp Duty to be the most burdensome financial factor impacting their ability to move.

The withdrawal of the nil-rate bands in April 2025 has caused an increase in moving costs of more than £2,500 for standard buyers and has left a large portion of first-time buyers with new costs that were previously zero.

The LRG says that this tax reduces market liquidity and is calling on the government to increase the thresholds to keep pace with rising house prices to stimulate the level of sales.

If buyers' motivation and the availability of mortgages are maintained, a reform of Stamp Duty would provide numerous benefits throughout the property market and the economy in general.

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https://heyor.ca/izV18P

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