'The changes are unlikely to result in a significant shift in property market activity'

Alasdair Dunne, head of residential at Fisher German, said: "The chancellor's cut to the top rate of capital gains tax and ending the multi-property stamp duty allowance are relatively niche and will not drastically affect large swathes of the market.

"The changes are unlikely to result in a significant shift in property market activity, although landlords considering selling part of their portfolio may well be encouraged to take the plunge.
 
"While short-term stimulus measure can create an exciting property market, arguably what we need is stability and consistency and not another boom and bust cycle, such as the stamp duty holiday that inflated the market during Covid-19. Stimulus policies can be seen as robbing Peter to pay Paul and do not address the main issues affecting the market."