The temporary tax break will apply to homes bought between July 8 and March 31 2021.
It means people buying a new home worth £500,000 or under will not have to pay any stamp duty, and for properties costing more the new owners will only be taxed on the value above that amount.
Buyers will be able to save up to £15,000 as a result if they are buying a property worth £500,000 or more – the average saving drops to £10,000 for a home worth £400,000, and £5,000 for a £300,000 property.
Here are 15 properties which are currently on sale in Portsmouth which you could save money on as a result.
To find out more visit the Zoopla link next to each property or contact the named estate agent directly.
Could one of these be your dream house?
1. Grant Road (PO6) - £460,000
Four-bedroom semi-detached house in Farlington with open plan living, including a lounge with a gas log burner style fire, and a Juliette balcony with fabulous views over the Solent. Marketed by Purplebricks. Find out more at: https://bit.ly/3g4Jlan Photo: Zoopla/Purplebricks
2. First Avenue (PO6) - £360,000
Extended three-bedroom semi detached home in Farlington. The property has two reception rooms and a kitchen/diner on the ground floor, with the bedrooms and bathroom on the first floor. Marketed by Jeffries. Find out more at: https://bit.ly/3hOXvNx Photo: Zoopla/Jeffries
3. Blakesley Lane (PO3) - £416,500
Four-bedroom detached house located in Anchorage Park. The ground floor has two reception rooms, with the second opening up onto a modern fitted kitchen. More benefits include a detached double garage and block-paved driveway which has room for three vehicles. Marketed by Jeffries. Find out more at: https://bit.ly/2WVIJwn Photo: Zoopla/Jeffries
4. Warblington Street (PO1) - £475,000
Three-bedroom terraced house in Old Portsmouth. Ground floor has a spacious lounge, kitchen diner and WC. On the first floor is the three bedrooms - two are large doubles - and a three-piece bathroom. To the rear of the property is a block paving garden leading to the garage. Marketed by Bernards. Find out more at: https://bit.ly/3017Mjx Photo: Zoopla/Bernards