Local MP Alan Mak has backed the Conservative plan to abolish stamp duty that would save housebuyers in the Havant Constituency £5,700.
New analysis shows this is how much they now have to pay when moving to a home with an average price of £314,700.
In October 2025, Leader of the Opposition Kemi Badenoch announced that a future Conservative Government would do away with stamp duty on the family home.
The ambitious plan – fully funded by cuts that the Conservative Party would make to the unsustainable welfare bill and other areas of public spending – would get the market moving by releasing hundreds of thousands of homes.
Research suggests up to two million people would consider downsizing in the next five years if stamp duty were abolished.
Even if only half of them did, that would mean a million additional homes becoming available to buy, boosting economic activity and the stake people have in our economy – leading to a stronger economy.
Abolishing stamp duty would also give a huge boost to local economies struggling under the weight of Labour’s tax raids.
Every house sale brings with it extra income for local businesses – builders, decorators, removal firms and more – with research suggesting the Conservative plans could give a £1.2bn boost to these companies.
Mr Mak said: "Housing has become unaffordable for many, including large numbers of young people hoping to get a foot on the housing ladder.
"Stamp duty is a bad tax that makes the process of purchasing a home more expensive. It also stops older people from downsizing and prevents young couples who want to start a family from buying a bigger home."
