On an average value house, the saving made on zero stamp duty is slightly less than the drop in price of the same house over one month.
No, not a blind bit of difference. My house is on the market, I don't believe it'll sell this year. No chance.
It will help new-build companies, who can target prices accordingly. Some were large Labour Party donors up to a few years back.
It will hugely damage sales in the £175,000 to £250,000 price range (where people will try to get price down for zero rating), and also in the just-over-£250,000 price, where the higher rate will cut in. 0% at 175,000 and 3% at £250,000.
Stupid. Stupid. Stupid.