Sweet spot from new stamp duty rates

The changes to stamp duty in England and Wales have created a property price 'sweet spot'.

Those properties valued between the £250,000 and  £280,000 are expected to do well out of the stamp duty changes.

Previously, properties valued at this range had prices somewhat artificially suppressed by the £2.5k hit applied by the stepped 1 percent rating on purchase price at £250,000.

With the chancellor's new graduated system, this segment of the market should see added price impetus, as the new thresholds ease up the gradual stamp duty charges through the tiers of the new version of stamp duty

The industry is predicting the changes will bring a boom in sales of homes between £250,000 and £280,000 — roughly the national average house price, and a big tranche of the sales volumes.

The 2015 property market can only be helped by the changes.

But before that kicks in - Christmas.

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