Soaring house prices in St Albans lead MP to demand tax changes

PUBLISHED: 18:30 06 October 2014

Aerial view over Harpenden.

Aerial view over Harpenden.

Jason Hawkes

London’s housing market is continuing to put “huge” pressure on house prices in St Albans, prompting MP Anne Main to call for stamp duty land tax to be changed so it is fairer.

Mrs Main was responding to a recent article in The Sunday Times in which Lucian Cook, director of residential research for Savills estate agents, said he expected areas like Brighton, Bristol, Cambridge and St Albans to “see the biggest wave of price growth in the short to medium term”.

Mrs Main said: “Savills are confirming what we all know, namely that the London market is putting huge pressure on house prices in St Albans.

“It is increasingly hard for people to move house locally as they will have to fork out, not only extra mortgage and legal fees, but a huge stamp duty fee, which is in effect a postcode tax.”

She added: “It’s time we looked at a fairer system that doesn’t disproportionately penalise people from areas like St Albans who want to move home.

“Pressure is building for fair reform to the stamp duty levy.”

• Fifty-one councils in the wider south east, including St Albans district and Herts county, have banded together to reject London Mayor Boris Johnson’s plans to expand into neighbouring areas.


If you value what this story gives you, please consider supporting the Herts Advertiser. Click the link in the orange box below for details.

Become a supporter

This newspaper has been a central part of community life for many years, through good times and bad, serving as your advocate and trusted source of local information. Our industry is facing testing times, which is why I’m asking for your support. Every single contribution will help us continue to produce award-winning local journalism that makes a measurable difference to our community.

Thank you.

Most Read

Most Read

Latest from the Herts Advertiser