The stamp duty holiday announced in the budget is set to benefit hundreds of first time buyers in Streatham.
Purchasers of properties worth up to £250,000 are now exempt from paying the 1 per cent stamp duty tax to the Government when buying a new home.
On the property website Find a Property, which aggregates homes on sale from different estate agents in a given area, 370 of some 803 properties available in the SW16 and SW2 postcodes, were priced under £250,000.
Of the 1,526 properties advertised on another property aggregator website, Prime Location, 689 are for under the tax threshold.
Chuka Umunna, Labour's parliamentary candidate for Streatham, said: "Exemption from stamp duty for properties under £250,000 will mean more first-time buyers can get their feet on the property ladder.
"It is clear first time buyers in Streatham and areas like it stand to benefit most from raising the stamp duty threshold.
"This will provide a boost for the local housing market and help secure the economic recovery in our local area."
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