Stamp Duty Changes & House Prices: What Buyers Need to Know
Recent changes to stamp duty have made headlines - and understandably, many buyers are wondering what it all means for house prices and whether now is still a good time to move.
At & Co, we’ve had lots of conversations with buyers over the past few weeks about price shifts, market timing, and affordability. So here’s a quick, easy-to-digest summary of what’s happening - and how it could work in your favour.
What’s happening with house prices?
According to Halifax, UK house prices dipped slightly in March, down by 0.5% compared to February. That’s around £1,575 off the average home value - now sitting at £296,699.
The drop follows a busy start to the year, where many buyers rushed to beat the 1 April stamp duty changes. That burst of early activity has now eased, bringing prices back into more realistic territory - especially welcome news for buyers trying to make their budget go further.
But it’s important to keep perspective: house prices are still 2.8% higher than they were this time last year.
What does this mean if you're thinking of buying?
It’s actually quite a good window.
There’s less urgency, which means less competition and more room for negotiation.
Mortgage rates may soften further if base rates drop, improving affordability.
Sellers are adjusting expectations, creating opportunities to agree deals that work for both sides.
As always, timing a move is personal - and no one can perfectly predict the market. But for buyers who are financially prepared and know what they’re looking for, now could be a smart time to take the next step while things are calmer.
What about stamp duty?
The nil-rate stamp duty band changed on 1 April, which did spark a temporary slowdown as buyers tried to beat the deadline. But that’s now behind us - and it’s worth noting that many first-time buyers will still pay little or no stamp duty, depending on the price of the property.
We can walk you through what to expect based on your budget and whether you're a first-time buyer, upsizing, or relocating.
What's happening regionally?
Growth remains steady in many parts of the UK - especially in places like Northern Ireland, Scotland, Yorkshire and Wales. London and the South have seen more modest rises, but prices remain higher overall.
The key takeaway? Trends vary by area. The best thing you can do is speak to a local agent (that’s us!) who understands how your chosen area is performing - and where the best opportunities lie.
Thinking about making a move?
At & Co, we believe the best time to buy is when it makes sense for you. We’re here to help you navigate the market with confidence - no pressure, just honest advice and a refreshingly human approach to estate agency.
If you’ve seen a property you like or want to know what you could afford, get in touch. We’re always happy to talk things through, help you explore your options, or arrange a viewing when the time’s right.
Disclaimer: This article is for general information only and does not constitute financial advice. Please speak to a qualified mortgage or financial advisor for guidance tailored to your circumstances.
