Predictions for when no Stamp Duty ends

iKarlCPFC

What do we think will happen when the £0 Stamp Duty ends?

Me and my partner are looking to buy for the first time, looks like out max will be £310k inc deposit but everywhere decent in and around our area is sitting at £325k.

Kind of hoping prices come down just a little bit after as looking at our choices at the moment makes me feel more anxious that I'll have to move much farther out than wanting to.

Windofchange

Probably very little in my opinion. A £325k house results in a stamp duty bill of:

If you're a first time buyer £1,250
If you're not a first time buyer £6,250

If you're a first time buyer, the re-introduction of stamp duty in April isn't really going to factor into anything I wouldn't say - it is an annoyance, but I wouldn't lose any sleep. If you are not a first time buyer, well 6 grand is a lot of money, but again, in the context of a house purchase I can't see it putting many off. Probably not the news you want to hear, and hey, I could be wrong, but with low interest rates set to stay (in my opinion) for the foreseeable, and stamp duty playing no / little part in many transactions outside of London, I can't see much happening. 

RelievedSheff

Agree with the above.

For most people stamp duty really isn't a consideration when buying property. It is small change compared to the cost of purchasing a house.

Ok no one really wants to pay it but it is not generally a deal breaker. And if it really does stretch the budget too much then you really have to have a look at if you can really afford this house and if you are stretching yourself too far.