Revealed! The regions set to benefit from a Stamp Duty holiday

Estate agents are waiting with baited breath as the Chancellor Rishi Sunak is today expected to announce a Stamp Duty holiday.

There are rumours that the property tax could be scrapped on values up to £500,000 and start immediately.

Rightmove has crunched the numbers on which areas would benefit the most from the savings if the Stamp Duty threshold was raised to £500,000.

The savings are based on those who are not first-time buyers, as they already have an exemption up to £300,000, and are places where the current average asking price is between £450,000 and £500,000.

The portal’s research found most the regions set to benefit would be in the south east of England, making up 19 of the 28 areas in the £450,000 to £500,000 price bracket.

The biggest savings would be in Dorking, Surrey where the average asking price is £498,422, which would create savings of £14,921 if there was no Stamp Duty to pay.

Buyers in Lymington, Hampshire, would save £14,916 on the average asking price of £498,326.

Only two areas from the north west, Bramhall and Wilmslow appear in the list, where buyers could save more than £13,000 on Stamp Duty.

These figures of course assume that the properties sell at asking price.

Miles Shipside, housing market analyst for Rightmove, said: “Buyers in higher priced areas with bigger deposits would benefit most if the Stamp Duty threshold was raised to £500,000.

“If it is included in the summer update it needs to be made clear what it would mean for people home hunting or currently going through the conveyancing process right now, as an announcement now that doesn’t come into play until the Autumn will only lead to people delaying their plans.

“There’s currently record housing demand but the market also needs the ability for lenders to extend the availability of low deposit mortgages, vital to healthy first-time buyer volumes that help drive the rest of the market.

“A Stamp Duty holiday without better mortgage availability isn’t really helpful for hard pressed potential first-time buyers who are already mainly exempt from it anyway.”



Average asking price

Potential Stamp Duty saving

Dorking, Surrey

South East



Lymington, Hampshire

South East



Sunbury-On-Thames, Surrey

South East



Barton On Sea, New Milton, Hampshire

South East



Lewes, East Sussex

South East



Broxbourne, Hertfordshire

East of England



Hove, East Sussex

South East



Oxford, Oxfordshire

South East



Leckhampton, Cheltenham, Gloucestershire

South West



Hertford, Hertfordshire

East of England



Borehamwood, Hertfordshire

East of England



Camberley, Surrey

South East



Egham, Surrey

South East



Bramhall, Stockport, Cheshire

North West



Fleet, Hampshire

South East



Wallingford, Oxfordshire

South East



Caterham, Surrey

South East



Wilmslow, Cheshire

North West



Tunbridge Wells, Kent

South East



Bath, Somerset

South West



Cambridge, Cambridgeshire

East of England



Chesham, Buckinghamshire

South East



Caversham, Reading, Berkshire

South East



Burnham, Slough, Berkshire

South East



Tonbridge, Kent

South East



Hitchin, Hertfordshire

East of England



Staines, Surrey

South East



West Malling, Kent

South East





Average asking price

Potential Stamp Duty saving





Burnt Oak





Waltham Forest








Waltham Forest











Biggin Hill
















Forest Gate





































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  1. mattfaizey

    To work out the area’s most likely to benefit would you not be better looking at average salaries among ‘second and third steppers’ allied to job security in the region? Plus debt levels among the relevant demographics. House prices won’t tell you anything about means or desire to move.
    If people don’t move, or move in low numbers then thee benefit is low despite any relevance in house price.
    In an area 15% above that which should benefit a cut could increase mobility by a factor that could increase the benefit massively.

  2. MarkJ

    It doesnt affect us directly in Wales but it will be interesting to see what happens….
    1/ It better be immediate in England (or as near as) …
    2/ Whether we’ll get funding in Wales to do the same…
    3/ Since weve got some recent friction between Westminster and Cardiff who knows?
    God help the Chancellors in future years who are going to have to claw back all this money from us……
    I think Rishi Sunaks done a good job so far ….but giving it away is the easy part….

    1. padymagic

      If they cant get it from VAT or stamp duty then expect personal allowance to stay unchanged for a while and an increase in National Insurance, car tax, alcohol, tobacco, imports (presumably including EU), petrol, Lower local government support, cuts in defence and although they will “ring fence” the NHS, in reality they will freeze it’s income. Corporation tax will either fall or stay the same, capital gains tax will increase, inheritance tax will also increase, council tax will go up, interest rates will stay low (subject to global & US interest rates).

      Where ever they can squeeze they will, Interest Rates obviously aren’t a tax but everything is hand in hand.


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