A decision on changes to the Wales Land Transaction Tax is expected to be announced tomorrow.
On Wednesday UK Government chancellor Rishi Sunak announced that the Stamp Duty threshold before any tax is paid in England and Northern Ireland was being hiked from £125,000 to £500,000.
It will remain in place until March and the tax break will also apply to people buying second homes.
The tax break does not apply in Wales but Welsh Government will receive additional funding to implement a similar policy or could use the extra cash to support other areas of the economy.
The Government in Cardiff has been under pressure from the housing sector to implement the same change in Wales - where the current threshold before paying Land Transaction Tax is £180,000.
If the same changes were implemented in Wales it could save a buyer nearly £14,000 on a £450,000 home purchase.
Mark Drakeford said at today's Welsh Government briefing that he expects they will be in a position to announce a decision tomorrow on the Land Transaction Tax.
Last week Welsh Government finance minister Rebecca Evans said they needed time to implement any change as they had not been told in advance of Mr Sunak's announcement.
Scotland has increased its property tax threshold to £250,000 following the UK Government announcement.
Currently in Wales no tax is paid on the first £180k of a property, it increases to 3.5% up to £250k, 5% up to £400k, and 7.5% up to £750k.
Matthew Pratt, chief executive of Deeside based housebuilder Redrow, said: "The Welsh Government has an opportunity to further stimulate the housing market as well as the wider economy across Wales.
“An immediate cut in the Land Transaction Tax would not only offer much-needed support to housebuilders and those seeking entry to the housing market, but also to the associated suppliers, subcontractors and consultants who rely on house sales and the continuation of housebuilding to remain in business.
“Wales is now entering a new phase of economic recovery and we would strongly recommend a suspension of this tax to provide the stimulus for additional spending across the country.”
The First Minister Mark Drakeford announced on Friday plans to “reopen the housing market fully” as part of the next phase of easing lockdown.
