London housing market experiencing stamp duty ‘hangover’

London’s housing market is experiencing a significant drop in buyer demand, attributed to the impending changes in stamp duty thresholds. From April, the nil-rate threshold for first-time buyers will decrease, impacting around eight in 10 potential homebuyers in the capital. This “hangover” effect has led to a 3% decrease in demand over the last year, particularly affecting first-time buyers and causing a lull in market activity.

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