We are delighted to report that Jackson-Stops' downsizers research has been cited in the House of Commons by Luke Evans MP (Shadow Parliamentary Under Secretary – Health and Social Care), during the Stamp Duty Land Tax debate on 28th October.
Our research suggests that a stamp duty relief for downsizers could unlock over 500,000 homes within just 12 months, delivering an immediate boost to housing supply and wider economic activity.
The research, which looks at the impact of the prohibitive property tax on older homeowners, found that over a fifth (22%) of over-55’s never plan to downsize. However, among those who do intend to move, 15% said they would do so within the next year if stamp duty were reduced or removed on their onward purchase - the equivalent of 505,000 homes potentially released onto the market within 12 months.
Looking slightly further ahead, 41% said they would downsize within two years under the same conditions, representing 1.4 million older home movers across England waiting in the wings.
The findings combine data from the English Housing Survey with responses from 2,000 homeowners aged 55 and over across England.
https://www.jackson-stops.co.uk/articles/stamp-duty-break-for-downsizers-could-free-up-500000-homes-in-a-year
https://www.theyworkforyou.com/debates/?id=2025-10-28b.170.1
