The think tank suggested increasing the stamp duty
surcharge on second homes and investment properties from 3% to 5% to raise PS790 million per annum.
"The new prime minister should be bold: take all but the most expensive properties out of stamp duty
and pay for it with fairer taxes on empty, foreign or expensive properties.
Transaction numbers remained 5.4 per cent down on the same two months a year earlier - which were also characterised by a rush to beat the previous increase in stamp duty
Homeowners in London who bought their first property in 1999 will now, on average, have spent GBP38,000 in Stamp Duty
over their lifetime.
The effect of the changes is that anyone buying a property for less than PS937,500 will pay less stamp duty
or the same as they would under the old regime.
"High stamp duty
rates stop young people buying a home and starting a family, discourage elderly people from downsizing and make it harder to move to a new place for a new job."
Recent research revealed around four in 10 first-time buyers benefited from the stamp duty
concession during the two years it was in place.
Barratt has a range of new homes at Meadow Rise, Stockton and Mandale Park, Thornaby where first-time buyers still have time to purchase without stamp duty
Once the PPS number has been received from the DSP, it must be registered on the Revenue Commissioners' Central Registration System (CRS) under the relevant tax head before it can be used in a stamp duty
There are also instances of people purchasing property on long-term lease to avoid paying stamp duty
because payment of stamp duty
doesn t exist in case of such transactions now.
He said: "Freezing stamp duty
will come at a cost to the Treasury but its existing receipt from that is not great because of the market.
The decision to put moving plans on hold follows reports earlier this month that Chancellor Alistair Darling was considering temporarily suspending stamp duty
payments or deferring payment of the tax to boost the housing market.