Stamp Duty Announcement: Properties £500k and under, demand and traffic
Number of Properties and Percentage of Demand for Properties £500,000 or under in England
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- In the first half hour of the announcement of the stamp duty holiday traffic to Rightmove jumped by 22%.
- There are over 510,000 properties £500,000 and under on Rightmove in total, making up 81% of all properties for sale in England
- Over 291,000 properties that are £500,000 and under are currently available for sale on Rightmove, making up 78% of all properties available for sale in England (i.e. they have not yet found a buyer)
- People enquiring about properties £500,000 and under on Rightmove makes up 84% of all buyer enquiries in England
- Rightmove recorded its busiest ever day for visits to the site 8th July, with 8.5 million visits
Since the the chancellor announced the stamp duty holiday on Wednesday 8th July, Rightmove analysed the potential stamp duty savings for areas around England where people would most benefit from the stamp duty threshold being raised to £500,000.
The savings are for people who are not first-time buyers and are places where the current average asking price is between £450,000 and £500,000.
Rightmove’s Property Expert Miles Shipside said: “Buyers in higher priced areas with bigger deposits would benefit most. 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.”
Potential stamp duty savings for areas around England where people will most benefit from the stamp duty threshold being raised to £500,000
Outside London
| Area | Region | Average asking price | Potential stamp duty saving |
| Dorking, Surrey | South East | £498,422 | £14,921 |
| Lymington, Hampshire | South East | £498,326 | £14,916 |
| Sunbury-On-Thames, Surrey | South East | £498,088 | £14,904 |
| Barton On Sea, New Milton, Hampshire | South East | £497,853 | £14,893 |
| Lewes, East Sussex | South East | £491,304 | £14,565 |
| Broxbourne, Hertfordshire | East of England | £486,701 | £14,335 |
| Hove, East Sussex | South East | £481,455 | £14,073 |
| Oxford, Oxfordshire | South East | £479,099 | £13,955 |
| Leckhampton, Cheltenham, Gloucestershire | South West | £477,518 | £13,876 |
| Hertford, Hertfordshire | East of England | £477,431 | £13,872 |
| Borehamwood, Hertfordshire | East of England | £476,791 | £13,840 |
| Camberley, Surrey | South East | £474,384 | £13,719 |
| Egham, Surrey | South East | £473,213 | £13,661 |
| Bramhall, Stockport, Cheshire | North West | £472,053 | £13,603 |
| Fleet, Hampshire | South East | £471,653 | £13,583 |
| Wallingford, Oxfordshire | South East | £469,082 | £13,454 |
| Caterham, Surrey | South East | £467,885 | £13,394 |
| Wilmslow, Cheshire | North West | £467,443 | £13,372 |
| Tunbridge Wells, Kent | South East | £467,145 | £13,357 |
| Bath, Somerset | South West | £464,617 | £13,231 |
| Cambridge, Cambridgeshire | East of England | £464,007 | £13,200 |
| Chesham, Buckinghamshire | South East | £462,210 | £13,110 |
| Caversham, Reading, Berkshire | South East | £460,747 | £13,037 |
| Burnham, Slough, Berkshire | South East | £459,634 | £12,982 |
| Tonbridge, Kent | South East | £456,293 | £12,815 |
| Hitchin, Hertfordshire | East of England | £453,389 | £12,669 |
| Staines, Surrey | South East | £452,219 | £12,611 |
| West Malling, Kent | South East | £450,553 | £12,528 |
London
| Area | Borough | Average asking price | Potential stamp duty saving |
| Orpington | Bromley | £497,852 | £14,893 |
| Burnt Oak | Barnet | £497,839 | £14,892 |
| Chingford | Waltham Forest | £493,462 | £14,673 |
| Sydenham | Lewisham | £492,960 | £14,648 |
| Walthamstow | Waltham Forest | £492,755 | £14,638 |
| Wembley | Brent | £482,929 | £14,146 |
| Harrow | Harrow | £482,691 | £14,135 |
| Biggin Hill | Bromley | £478,702 | £13,935 |
| Blackfen | Bexley | £470,013 | £13,501 |
| Greenford | Ealing | £465,798 | £13,290 |
| Deptford | Lewisham | £465,670 | £13,283 |
| Forest Gate | Newham | £464,455 | £13,223 |
| Norwood | Croydon | £462,172 | £13,109 |
| Hounslow | Hounslow | £460,371 | £13,019 |
| Hornchurch | Havering | £459,108 | £12,955 |
| Sutton | Sutton | £457,251 | £12,863 |
| Tottenham | Haringey | £457,091 | £12,855 |
| Kingsbury | Barnet | £456,129 | £12,806 |
| Heston | Hounslow | £452,837 | £12,642 |
| Barkingside | Redbridge | £447,356 | £12,368 |
The areas included have at least 200 listings currently on Rightmove.
Local Market Indicator Data
Of course, what will really matter to you is what is happening in your local market. That’s why we’ve put together a page where Rightmove agents can monitor search behaviour in their area at a local level on a weekly basis. Because of the size of our audience, we can give you this data in such a targeted way and still provide a large enough sample size for your location.
We’ve improved the Local Market Indicator based on feedback from agents. On the chart you can now:
