The increase in the lower stamp duty on residential properties will have a significant impact on Northern Ireland's housing market, a leading expert has said.
The UK Chancellor Kwasi Kwarteng unveiled the plans in the House of Commons on Friday morning, where details of cuts to taxes such as stamp duty were announced as the government tries to limit the impact of soaring energy bills on households.
The mini-budget cut raises the threshold of how much a property has to cost before stamp duty is paid from £125,000 to £250,000.
