Well, we may not be economists but this seems to us to be a robbing peter to pay paul exercise, we’re not sure there is any evidence that the level of stamp duty is deterring buyers – it is a nasty necessary (apparently!) evil. All that will happen here is that there may, and we reiterate may, be a temporary blip in values but not much of one. If it means that a deposit may be increased to improve finance chances that may have a minor effect but this will only provide a maximum addition of £1250 at the bottom end and although the top end is greater most of those buyers already have a decent equity deposit.
Anyway new house builders haven’t exactly been rushed off their feet when a “we pay your stamp duty” or “stamp duty cash back” offer has been announced.
What will help the market is easier to obtain finance and that is not something our government can have much control over. Save that you may be able to borrow your stamp duty from the government
Still at least Gordon can say his government is making an effort…