An analysis of Land Registry figures has shown just how influential the Stamp Duty holiday was in stimulating demand at different property price points.
HMLR figures show that across England and Wales as a whole, an estimated 355,827 sales have completed so far this year.
43% of these sales have completed for a price within the £250,000 price threshold, the price at which the final extension of the stamp duty holiday saw home buyers pay no stamp duty up until the end of September.
A further 40% of all homes sold so far this year have done so between the £250,001 and £500,000 price threshold.
Just 11% have sold for between £501,001 and £750,000, while the £750,001+ price threshold accounts for just 6% of all transactions.
When analysing the market at county level, the £250,000 price threshold was the most active area of the market across 44 counties, with a further 25 seeing the most sales complete between £250,0001 and £500,000.
Interestingly, no county saw the most market activity between £500,001 and £750,000, while just the City of London was home to the most active market at the £750,000+ price threshold.
The research was conducted Barrows and Forrester and looked at property market transactions across every county of England and Wales since the start of the year, specifically focusing on which property price thresholds had been the most active.
Managing Director of Barrows and Forrester, James Forrester, commented:
“While there is always likely to be a larger number of sales at lower price threshold simply due to the affordability of property, It’s clear that the stamp duty holiday has been hugely influential and has shaped the face of the market during the pandemic.”
“We’ve seen the largest levels of market activity fall within the price bracket at which there remained a saving for the most prolonged period and in many areas, the gap in activity at this level of the market and the rest has been vast.”
| Table shows what percentage of transactions so far in 2021 have completed at each price threshold in each county of England and Wales | ||||||
| County | up to £250,000 % | £250,001 to £500,000 % | £500,001-£750,000 % | £750,001 plus % | Total trans | Bracket with most trans |
| Bedfordshire | 27% | 61% | 9% | 3% | 4,407 | £250,001 to £500,000 |
| Berkshire | 11% | 58% | 21% | 10% | 5,809 | £250,001 to £500,000 |
| Blaenau Gwent | 96% | 4% | 0% | 0% | 341 | Up to £250,000 |
| Bridgend | 77% | 21% | 2% | 0% | 901 | Up to £250,000 |
| Buckinghamshire | 16% | 51% | 20% | 13% | 5,542 | £250,001 to £500,000 |
| Caerphilly | 86% | 13% | 1% | 0% | 857 | Up to £250,000 |
| Cambridgeshire | 36% | 49% | 11% | 4% | 5,324 | £250,001 to £500,000 |
| Cardiff | 53% | 40% | 6% | 1% | 1,746 | Up to £250,000 |
| Carmarthenshire | 78% | 21% | 1% | 0% | 1,063 | Up to £250,000 |
| Ceredigion | 64% | 34% | 2% | 1% | 426 | Up to £250,000 |
| Cheshire | 54% | 35% | 7% | 4% | 7,348 | Up to £250,000 |
| City of Bristol | 25% | 58% | 12% | 5% | 2,994 | £250,001 to £500,000 |
| City of London | 0% | 12% | 37% | 51% | 57 | £750,001 plus |
| Conwy | 71% | 27% | 2% | 0% | 783 | Up to £250,000 |
| Cornwall | 44% | 44% | 8% | 4% | 4,247 | £250,001 to £500,000 |
| County Durham | 85% | 14% | 1% | 0% | 5,213 | Up to £250,000 |
| Cumbria | 70% | 25% | 4% | 1% | 3,598 | Up to £250,000 |
| Denbighshire | 75% | 23% | 2% | 0% | 557 | Up to £250,000 |
| Derbyshire | 69% | 26% | 4% | 1% | 6,360 | Up to £250,000 |
| Devon | 47% | 42% | 8% | 3% | 9,310 | Up to £250,000 |
| Dorset | 26% | 54% | 14% | 6% | 6,655 | £250,001 to £500,000 |
| East Riding of Yorkshire | 74% | 23% | 3% | 1% | 3,598 | Up to £250,000 |
| East Sussex | 20% | 55% | 16% | 8% | 7,032 | £250,001 to £500,000 |
| Essex | 21% | 59% | 14% | 6% | 13,648 | £250,001 to £500,000 |
| Flintshire | 77% | 21% | 2% | 0% | 809 | Up to £250,000 |
| Gloucestershire | 36% | 50% | 10% | 4% | 6,611 | £250,001 to £500,000 |
| Greater London | 5% | 44% | 29% | 22% | 40,061 | £250,001 to £500,000 |
| Greater Manchester | 66% | 29% | 4% | 2% | 15,006 | Up to £250,000 |
| Gwynedd | 74% | 24% | 2% | 1% | 777 | Up to £250,000 |
| Hampshire | 28% | 52% | 14% | 6% | 13,161 | £250,001 to £500,000 |
| Herefordshire | 44% | 46% | 8% | 2% | 1,264 | £250,001 to £500,000 |
| Hertfordshire | 9% | 53% | 23% | 14% | 8,170 | £250,001 to £500,000 |
| Isle of Anglesey | 67% | 29% | 3% | 1% | 462 | Up to £250,000 |
| Isle of Wight | 48% | 42% | 7% | 3% | 1,276 | Up to £250,000 |
| Kent | 26% | 56% | 12% | 5% | 13,792 | £250,001 to £500,000 |
| Lancashire | 78% | 19% | 2% | 1% | 9,081 | Up to £250,000 |
| Leicestershire | 55% | 38% | 6% | 1% | 5,750 | Up to £250,000 |
| Lincolnshire | 70% | 27% | 3% | 1% | 7,241 | Up to £250,000 |
| Merseyside | 75% | 22% | 3% | 1% | 7,265 | Up to £250,000 |
| Merthyr Tydfil | 88% | 11% | 0% | 0% | 228 | Up to £250,000 |
| Monmouthshire | 33% | 54% | 10% | 2% | 575 | £250,001 to £500,000 |
| Neath Port Talbot | 90% | 10% | 0% | 0% | 756 | Up to £250,000 |
| Newport | 70% | 28% | 2% | 1% | 799 | Up to £250,000 |
| Norfolk | 48% | 43% | 7% | 2% | 6,824 | Up to £250,000 |
| North Yorkshire | 59% | 31% | 7% | 3% | 8,109 | Up to £250,000 |
| Northamptonshire | 44% | 46% | 9% | 1% | 626 | £250,001 to £500,000 |
| Northumberland | 69% | 24% | 5% | 2% | 1,923 | Up to £250,000 |
| Nottinghamshire | 67% | 29% | 4% | 1% | 6,552 | Up to £250,000 |
| Oxfordshire | 14% | 57% | 18% | 10% | 4,633 | £250,001 to £500,000 |
| Pembrokeshire | 68% | 27% | 4% | 1% | 754 | Up to £250,000 |
| Powys | 64% | 33% | 3% | 1% | 732 | Up to £250,000 |
| Rhondda Cynon Taff | 88% | 12% | 1% | 0% | 1,268 | Up to £250,000 |
| Rutland | 30% | 44% | 16% | 10% | 289 | £250,001 to £500,000 |
| Shropshire | 56% | 36% | 7% | 1% | 3,103 | Up to £250,000 |
| Somerset | 38% | 48% | 10% | 4% | 7,276 | £250,001 to £500,000 |
| South Yorkshire | 77% | 20% | 2% | 1% | 7,140 | Up to £250,000 |
| Staffordshire | 67% | 28% | 4% | 1% | 6,410 | Up to £250,000 |
| Suffolk | 42% | 46% | 9% | 3% | 5,233 | £250,001 to £500,000 |
| Surrey | 7% | 46% | 27% | 20% | 9,378 | £250,001 to £500,000 |
| Swansea | 72% | 24% | 3% | 1% | 1,227 | Up to £250,000 |
| The Vale of Glamorgan | 48% | 38% | 9% | 4% | 789 | Up to £250,000 |
| Torfaen | 80% | 19% | 1% | 0% | 452 | Up to £250,000 |
| Tyne and Wear | 79% | 19% | 2% | 0% | 5,569 | Up to £250,000 |
| Warwickshire | 42% | 45% | 9% | 4% | 4,037 | £250,001 to £500,000 |
| West Midlands | 66% | 28% | 5% | 1% | 12,528 | Up to £250,000 |
| West Sussex | 16% | 59% | 17% | 8% | 7,084 | £250,001 to £500,000 |
| West Yorkshire | 72% | 24% | 3% | 1% | 13,344 | Up to £250,000 |
| Wiltshire | 41% | 47% | 9% | 4% | 5,068 | £250,001 to £500,000 |
| Worcestershire | 45% | 44% | 8% | 2% | 3,916 | Up to £250,000 |
| Wrexham | 78% | 20% | 2% | 0% | 663 | Up to £250,000 |
| Data sourced from the Land Registry Price Paid Records – All residential sales excluding those listed by property type as ‘other’ – Jan to Aug 2021 (latest available) | ||||||
Credit: Source link
