Tel: 01582 343 548 | Email: Hello@Deakin-White.co.uk

The Government has shown that they are willing to make changes to stamp duty to impact on the market, so it is no surprise that many groups see this as a way that further changes can be made to the property market. While there may not be consensus on what needs to happen next in the property market, most people would agree that there needs to be change and RICS are calling for a comprehensive overhaul of housing taxes, which would include stamp duty changes.

RICS have stated that housing taxes are “outdated” and they prevent people from getting on to the property ladder. An area of contention in recent times is the number of elderly people who are willing or keen to downsize their home but are unable to. Making it easier for elderly people to downsize their property will help stimulate the market and could lead to first-time buyers and younger buyers getting on to the property ladder.

Downsizing Could Energise Property Market

The claim from RICS comes on the back of their most recent survey which suggests that close to half of the estate agency surveyors who took part in the survey suggested that a way to incentivise and encourage downsizing would be to offer tax incentives. A suggestion which has already gathered some positivity is the idea that people moving out of a larger sized home to move into a smaller sized home should be exempt from paying the stamp duty.

Another suggestion which arose from the survey was that stamp duty should be scrapped entirely with adjustments to council tax rates being implemented to cover the lost revenue. This move would be seen as a positive step for many as it would remove the tax burden from the property transaction and place it on to owners and occupiers. There is an argument that this action would release funds for the buyer during the buying process, which could make that process easier too.

Help To Buy is also Coming Under Scrutiny

With the Help To Buy scheme being debated at the moment, it was interesting to note that there were calls for the scheme to be extended beyond the 2021 deadline but only to support first-time buyers. Recent findings of Help To Buy assisting people further up the property chain has led many people to re-evaluate the scheme. There is no denying that a lot of good has come from the scheme, but it has perhaps moved away from the stated intentions.

In the light of the recent survey, RICS has called upon the Government to carry out a full-scale review of the Stamp Duty system. There is still a feeling for many in the industry that the only change that would have any impact is the provision of more property, but other changes are far more likely.

No matter what you want to do next in the property market, it makes sense to call on an expert for support. If you are looking for support and guidance, contact Deakin White and we will be more than happy to assist you.

Our Services

Here are just a few of the services we offer:

Residential Sales & Lettings

Click here to arrange a valuation on your residential property for sales or lettings.

Divorce & Separation Service

With our specialist bespoke divorce and separation service, we can help you during this difficult time with property sales, written valuations and mediation.

Residential & Commercial Auctions

Have you considered selling your property at auction? Contact us for more information.

Commercial Sales & Lettings

We let and sell commercial properties - from office spaces to warehouses!

Probate Service

Our specialist bespoke probate service is here to help you during this difficult time. We can help with selling a probate property and offer advice and assistance with house clearance, wills and executors, renovation and home staging and insurance advice.

Land & New Homes

Our specialist Land & New Homes department can help with planning advice, pricing reports, feasibility studies along with the sale of Land & New Homes.


Latest properties

Collins Wood Residential Park, Caddington
COM_EAPOW_NEW

Collins Wood Residential Park Caddington, Luton

£50,000

1    1    1   

COLLINSWOOD PARK IN BEDFORDSHIRE IS POSITIONED ON THE OUTSKIRTS OF THE VILLAGE OF CADDINGTON AND SITUATED AT THE END OF A PRIVATE ROAD KNOWN AS FOLLY LANE AND ADJOINS OPEN FARMLAND. Collinswood (...)

Rosedale, Dunstable
COM_EAPOW_NEW

Rosedale Houghton Regis, Dunstable

£290,000

3    1    2   

A Stunning refurbished three bedroom family home situated in a quiet cul-de-sac situated on the edge of Houghton Regis. This extended property offers fantastic living space and has been fully updated (...)

Wheatfield Road, Luton
COM_EAPOW_NEW

Wheatfield Road, Luton

Monthly Rental Of £1,400

3    1    1   

A detached family home situated on the borders of Luton & Dunstable . This property is set on a large corner plot the accommodation includes an entrance hall, lounge/diner, kitchen, three bedrooms (...)

Lowther Road, Dunstable
COM_EAPOW_NEW

Lowther Road, Dunstable

Monthly Rental Of £1,400

3    1    2   

VIRTUAL TOUR AVAILABLE BY REQUEST. Set in one of the most popular roads in South West Dunstable due to such fantastic school catchments, such as the Ofsted rated 'outstanding' academy of Lark Rise. (...)

King Street, Dunstable Town Centre
COM_EAPOW_NEW

King Street, Dunstable

£220,000

2    1    2   

**Stunning Refurbished Two Bedroom Period Property** Deakin-White are delighted to offer for sale this period cottage in the highly sought after Priory Area within walking distance of Dunstable (...)

French's Gate, Dunstable
COM_EAPOW_NEW

French's Gate, Dunstable

£230,000

2    1    1   

Deakin-White are delighted to offer for sale this two bedroom terrace situated in North Dunstable on a modern development close to Dunstable’s Northern Bypass offering great access to J11a of the (...)


Get in touch

Submit an enquiry and our team will be in touch to discuss your requirements.

Please read our privacy notice for information on how we use your details.

Find us

The Property Ombudsman Trading Standards