The changes to stamp duty – a British tax on documents usually relating to properly – were announced by Chancellor George Osborne in his Autumn Statement earlier this month. He said the measure would mean a lower rate of stamp duty for 98 percent of home buyers.
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Simon Rubinsohn, chief economist at RICS, said: "The stamp duty reform could reverse the softer trend in buyer enquiries that has been visible in recent months."
"Expectation from members that transactions could increase by up to 5 percent over the next year on the back of this measure suggests that there is a belief that supply will indeed respond to the tax change," he added.