Spring Budget 2025: What’S In Store For Sellers?

The Spring Budget, set for 26th March 2025, is likely to introduce measures that could benefit property sellers.

One potential change could be the adjustment of Stamp Duty Land Tax (SDLT) thresholds, bringing them back to earlier levels. This reduction in SDLT could make property transactions more affordable, potentially driving up demand and encouraging market activity. However, experts note that this could also lead to some price adjustments in the market due to changes in buyer behaviour.

Additionally, the government is focusing on a major housing initiative, aiming to build 1.5 million new homes by 2030 as part of its “biggest building boom in a generation” plan. This initiative, alongside a proposed Planning and Infrastructure Bill, could speed up the planning and development processes by easing land acquisition costs, simplifying legal frameworks, and reducing regulatory hurdles. These changes are intended to increase housing supply, which may further stimulate the property market.

Although these proposals are designed to benefit buyers, they could also indirectly support sellers by improving liquidity and boosting demand in the market. A more active property market could result in quicker sales and potentially higher prices for sellers. However, recent market data has shown a slight dip in house prices, with the average price dropping by 0.1% in February 2025. This decline has been partly attributed to the end of the stamp duty holiday and may affect how sellers price their properties.

Overall, the upcoming Spring Budget is expected to bring measures that encourage market activity. With the potential for increased demand, sellers might benefit from a more dynamic housing market, though it is crucial to stay mindful of broader market trends and price movements.