Sales Market Update January 2025

27 January, 2025

There has been a strong start to 2025, with our offices reporting large numbers of properties coming onto the market which is great news for people that are looking to move during the next year. Some of this will have been fuelled by the changes to SDLT (Stamp Duty Land Tax) that come into force in April. 

For your information, the current rates are as follows; 

Purchase price up to £250.000 – Zero

Purchase price from £250,000 – £925,000 – 5%

Purchase price £925,000 - £1.5m – 10%

Purchase price over £1.5m – 12%

From April 1st, 2025 the new rates will be;

Purchase price up to £125,000 – Zero

Purchase price from £125,000 - £250,000 – 2%

Purchase price from £250,000 - £925,000 – 5%

Purchase price from £925 - £1.5m - 10%

Purchase price over £1.5m – 12%

As you will see, the major change is the reintroduction of the rate between £125,000 and £250,000, hence the enthusiasm to complete a purchase before April.

If you would like any further information regarding SDLT the cost of moving or would like to discuss the prospects for the coming year, please visit your nearest branch, or via our website at pearsons.com