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Interest in prime London property has been cooling since December 2014 when changes to the stamp duty regime made it more expensive to buy homes costing £937,000 or more.
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A surprise change to the stamp duty system is likely to provide a fresh boost to the housing market and lead to higher prices for homes where the tax will be cut, property experts have warned.
FindaProperty.com "We applaud this much sought after change to the stamp duty threshold which will not only benefit first-time buyers but, because the property market is cyclical, will also benefit those at other stages of the property ladder in many regions.
He also told BBC News that estate agents were hoping for a change to the stamp duty threshold and a lowering of the Help to Buy cap.
Advocates would like to see changes to the food stamp program to make it more available to college students.
Conservatives say the bill now under consideration would make much-needed changes to the food stamp program.
However, changes to the way stamp duty is charged, introduced in 2014's autumn statement, added to the upfront costs of all homes over £1m, and have dampened sales at the top end of the market, prompting a fall in the average price of homes in this part of the market.
McGovern, who sits on the House Agriculture Committee, said he was surprised to learn about the White House proposal given Agriculture Secretary Sonny Perdue's testimony before the committee last week saying he did not favor any major changes to the food stamps program.
There is no change to the punitive stamp duty thresholds that are presenting millions of first-time buyers and families needing to trade up with astronomical tax bills.
The changes to stamp duty on the sale of property kick in at midnight.
Sales of homes above £1m have been dented by the changes to stamp duty brought in at the end of 2014, and uncertainty around the referendum, together with this year's further stamp duty change, have not helped.
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