The UK property market is seeing a surge in activity as home buyers and investors rush to complete purchases ahead of the April 2025 Stamp Duty Land Tax (SDLT) increase. With the government set to introduce higher stamp duty rates for overseas buyers and potential adjustments for domestic purchasers, many are eager to secure properties before the new tax rules come into effect.
From April 1, 2025, overseas property buyers in the UK will face an increased stamp duty surcharge. Currently, non-UK residents pay an additional 2% SDLT surcharge on top of standard rates. However, new government proposals indicate that this may rise, making the UK property market less attractive to foreign investors.
For domestic buyers, there is speculation that changes to buy-to-let stamp duty could also be introduced, affecting landlords and second-home buyers. While exact details remain unconfirmed, property investors are acting fast to avoid potential hikes.
The impending changes have triggered a rise in UK property transactions, with both first-time buyers and investors moving quickly to secure deals. According to industry reports, estate agents are witnessing increased demand, particularly in high-value areas such as London, Manchester, and Birmingham.
Experts predict that the market will remain competitive over the next year as buyers attempt to complete transactions before April 2025. However, some warn that this short-term rush could lead to a slowdown once the stamp duty increase takes effect.
Navigating stamp duty changes can be complex, but at Crown Home Buying & Letting, we ensure buyers secure the best deals before new tax rules come into effect. Whether you're an investor, overseas buyer, or first-time homeowner, our experts provide tailored advice to help you make informed decisions.
Use our Stamp Duty Calculator to estimate your potential SDLT costs and plan your next move wisely.
Contact Crown Home Buying & Letting today to find out more about available properties and investment opportunities.
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