16th February 2021

Has the stamp duty holiday helped those who needed it most or has it accelerated the growing inequality of housing wealth across the country? 

Analysis of the HMRC stamp duty receipts reveals two fascinating themes. The number of second-home purchases has increased at a much faster rate than purchases of primary residences. In some price bands, the number of primary residences purchased has fallen during the Stamp Duty Holiday, whilst across the board, second home purchases have increased since the start of the Stamp Duty holiday. 
The data also revealed that higher-priced housing transactions have bounced back more quickly than the lower-priced ones. Raising questions about who was the stamp duty holiday for and who has it helped?

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