This statistic compares proportions of first-time buyers who payed stamp duty in the United Kingdom in June 202 when the threshold for stamp duty was property above 300,000 British pounds and in December 2020 when the threshold was raised to 500,000 British pounds. Wales had different thresholds of 180,000 and 250,000 British pounds in June and December 2020 respectively.
In London and Wales, the share of first-time buyers paying stamp duty reduced by about 50 percent from June to December 2020 while other regions registered more drastic reductions. The proportion of first-time buyers paying stamp duty in West Midlands reduced from 10 percent in June 2020 to 1.6 percent in December 2020, a reduction of over 80 percent of first-time buyers.
Share of first-time home buyers paying stamp duty in the United Kingdom (UK) in the 2nd half 2020, by region
Characteristic
>300,000 GBP (June 2020)
>500,000 GBP (December 2020)
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Lloyds Banking Group, & Halifax. (February 22, 2021). Share of first-time home buyers paying stamp duty in the United Kingdom (UK) in the 2nd half 2020, by region [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1250925/stamp-duty-share-of-first-time-buyer-uk/
Lloyds Banking Group, und Halifax. "Share of first-time home buyers paying stamp duty in the United Kingdom (UK) in the 2nd half 2020, by region." Chart. February 22, 2021. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1250925/stamp-duty-share-of-first-time-buyer-uk/
Lloyds Banking Group, Halifax. (2021). Share of first-time home buyers paying stamp duty in the United Kingdom (UK) in the 2nd half 2020, by region. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1250925/stamp-duty-share-of-first-time-buyer-uk/
Lloyds Banking Group, and Halifax. "Share of First-time Home Buyers Paying Stamp Duty in The United Kingdom (Uk) in The 2nd Half 2020, by Region." Statista, Statista Inc., 22 Feb 2021, https://www.statista.com/statistics/1250925/stamp-duty-share-of-first-time-buyer-uk/
Lloyds Banking Group & Halifax, Share of first-time home buyers paying stamp duty in the United Kingdom (UK) in the 2nd half 2020, by region Statista, https://www.statista.com/statistics/1250925/stamp-duty-share-of-first-time-buyer-uk/ (last visited August 24, 2024)
Share of first-time home buyers paying stamp duty in the United Kingdom (UK) in the 2nd half 2020, by region [Graph], Lloyds Banking Group, & Halifax, February 22, 2021. [Online]. Available: https://www.statista.com/statistics/1250925/stamp-duty-share-of-first-time-buyer-uk/