New analysis by London lettings and estate agent, Benham and Reeves, has revealed that in the last 25 years, the cost of stamp duty has increased by 490 percent for the average homebuyer.
Now that the stamp duty holiday is done and dusted, the average homebuyer in England will once again pay the UK government for the pleasure of purchasing their own home, a bill of £3,548 on the current average house price to be exact.
Thanks to a house price boom spurred by the stamp duty holiday itself, that’s a tax bill some 44 percent higher than the average stamp duty paid prior to its introduction.
In fact, in ...