Cost of moving home in England rises 75% in a decade

Summarised from 2 outlets · Updated 2 Oct, 12:38 · Archive

The cost of moving in England is now 75% higher than a decade ago after adjusting for inflation.

The cost of moving in England is now 75% higher than it was a decade ago, even after adjusting for inflation. Buyers now spend an average of £17,500 to move home, with stamp duty accounting for the largest proportion of these costs.

Stamp duty is payable when a property is worth more than £125,000, or more than £300,000 for first-time buyers. The typical stamp duty cost stands at £9,500, making it a significant expense for those moving home.

How it is being reported

• Property buyers are now spending £17,500 to move - and most of cost is stamp dutyThe Mirror · 2 Oct, 12:09
• Buyers now shell out £17,500 to move home as stamp duty drives huge rise in bills in last decadeThis is Money · 2 Oct, 07:00

In this story: England

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