Home sellers cut prices before the stamp duty deadline

Home sellers cut prices before the stamp duty deadline

0:01 AM, 11th March 2025, About a month ago

Text Size

Homeowners are reducing asking prices ahead of the forthcoming stamp duty change, particularly for properties under £250,000, research reveals.

An analysis by GetAgent.co.uk reveals a surge in price drops as sellers attempt to offset the rising tax burden and attract buyers.

The study examined property listings to find how many sellers have lowered their expectations ahead of 1 April.

That’s when the current threshold of £250,000 drops to £125,000 – and an additional 2% charge is applied between £125,001 to £250,000.

Price reductions are commonplace

The firm’s co-founder, Colby Short, said: “Reductions to asking price are unfortunately commonplace in any market landscape as sellers will chance their arm with a slightly over-ambitious valuation, before readjusting to current market values having received little to no interest during their first few weeks or months on the market.

“However, it’s clear that with April’s stamp duty changes now on the horizon, a higher proportion of sellers are also lowering their expectations at the key price points in the market in order to account for these changes and entice a buyer.

“As a result, the highest proportions of asking price reductions are currently being seen by those repricing below the new 0% stamp duty threshold of £125,000, or those pricing up to £250,000 in order to help mitigate the additional 2% in stamp duty that buyers will soon face.”

He adds: “This suggests that the nation’s sellers remain keen to transact and that any market correction that does come as a result of the impending stamp duty changes will be a minor one.”

Homes have seen a reduction

GetAgent’s findings indicate that 35.4% of homes priced up to £125,000 have seen a reduction, and 37.6% of those priced between £125,000 and £250,000 have also been discounted.

However, only 34.6% of properties between £250,001 and £950,000 experienced similar drops, with lower percentages for higher value homes.

The South East, London, East of England and South West regions displayed the highest percentage of properties with lowered prices.


Share This Article


Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Automated Assistant Read More