Stamp-duty dead zones

28th March 2014

A report from Zooplahas claimed stamp-duty “dead zones” are forcing vendors to sell for less than their home is worth, leading to about 37,300 homeowners losing an average of £6,990 over the past two years.

In an analysis of sales since April 2012, Zoopla found that the number of transactions in the price bands just below a stamp-duty threshold is significantly higher than the level expected, while the number of sales in the price band immediately above a threshold — the dead zone — is substantially lower. Overall, Zoopla estimates that homeowners in England and Wales have lost £260.5m.

Source:   The Sunday Times (23/03/2014)