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Stamp duty reforms 'will keep homes market hot'

Economists are foresting that the stamp duty reforms announced in the Autumn Statement will contribute to a rise in house prices this year. Capital Economics forecasts that the stamp duty reforms will lead to a 0.6% rise in house prices by the end of January 2015 and that the changes could contribute to a 3% to 5% rise in property prices over the course of the year. Economists at Fathom Consulting believe that a 0.3% increase in prices is most likely, but that lower stamp duty for most buyers will boost market sentiment.

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