§ Mr. FlightTo ask the Chancellor of the Exchequer (1) if he will place in the Library in respect of each ward where an exemption from stamp duty will be introduced888W the (a) average property price and (b) percentage of properties purchased where no stamp duty was paid in the last year for which information is available; [21112]
(2) what impact he expects the exemption from stamp duty to have on the prices of houses valued below £150,000 in wards in which an exemption from stamp duty will apply. [21009]
§ Mr. BoatengThe ward-based information requested is not available.
The Government intend the exemption to help in the revival of property markets in qualifying areas, which will make investment in these areas more attractive and encourage people to live and do business in them.