Stamp duty remains a key downsizing barrier, but connection and suitable housing matter too.
Stamp duty remains a key downsizing barrier, but connection and suitable housing matter too.
This is despite 58% considering moving to a smaller property in the future and 42% wanting more appropriate specialist facilities to enable moving.
Just 2% of first-time buyers in the North East pay, compared to 79% in London.
Stamp duty was cited by 28% of affected owner-occupiers as a barrier to moving.
Despite the significant rise in house prices, buyers still start paying stamp duty at the same point they did twenty years ago.
Homebuyers paid £15.2bn in stamp duty over the 12 month period.
In the last year, the total estimated stamp duty bill for first-time buyers has jumped from £101m to £408m.
Nearly £392m in potential estate agency revenue and £515m in potential stamp duty receipts were lost last year to fall throughs.
Homebuyers paid £899m in stamp duty in January.
Homebuyers paid £15.4bn in stamp duty last year.
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