Welsh Tories pledge to cut stamp duty on £250,000 homes

The Welsh Conservatives say they will scrap stamp duty for all properties worth up to £250,000 if they win power in the 2016 assembly election.

Stamp duty is charged at 1% of the price of a property sold for between £125,000 and £250,000, with control of the tax to be devolved.

Tories said the policy costing £20m would boost the housing market.

Leader Andrew RT Davies said it was most people's dream to own their own home.

BBC Wales political editor Nick Servini.