With the Chancellor now confirming the key housing-related measures, the good news is that the months of uncertainty are finally behind us. This clarity is exactly what the property market needs, and we’re already expecting confidence to return—particularly at the higher end of the market, which has been most affected by speculation around possible stamp duty changes.
No Changes to Stamp Duty
Despite widespread rumours, stamp duty remains untouched.
For most buyers, this is one of the most welcome outcomes of the Budget. It means no unexpected costs, and anyone planning a move can now proceed knowing exactly where they stand.
Mansion Tax Coming in 2028
Homes valued above £2 million will see a new “mansion tax” from April 2028.
This affects only a small part of the market, and because it doesn’t apply for several years, high-value homeowners can plan ahead with confidence.
Landlords to Pay an Additional 2% Income Tax From 2027
The extra tax on rental income won’t take effect until 2027.
This gives landlords time to review their portfolios and make informed decisions without immediate pressure or disruption.
What This Means for the Bournemouth Market
Here in Bournemouth, the Budget supports what we’ve been seeing firsthand:
buyers and sellers want stability, and the confirmation of these measures provides exactly that.
For Sellers
For Landlords
For Buyers
Overall Market Outlook
The key theme is stability returning to the market. The speculation of recent months did dampen activity at certain levels, but with the Budget now fully confirmed—and key changes scheduled years ahead—buyers and sellers can move forward with much more confidence.