Is There Going to Be a Massive House Price Crash?

The threshold at which people will start to pay stamp duty has increased from 125 to 250. For first-time buyers who wouldn't pay stamp duty on the first amount, that's increased from 300,000 to 425,000. We're not expecting there to be a big house price crash next year. But we'll probably see house prices stagnate and perhaps see small price falls in some areas. And because mortgage rates are rising so quickly, typically it's cheaper for someone to pay rent on a monthly basis than it is to service a mortgage.