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Estate agents could launch stamp duty offers

Stamp duty discounts could be introduced across the board by estate agents looking to tackle the effects of the economic downturn and boost buying activity in the property sector, it has been suggested.

Graduates who might qualify for mortgages for professionals could soon find that estate agents are offering stamp duty offers.

Wimbledon-based estate agent SW19 offers no stamp duty on its properties, the first scheme of its kind in the UK property sales sector.

The trend could emerge across the board, but estate agents might need to be sparked into action, said Luke Bennett, founder and managing director of the firm.

"It's so easy for agents to sit on their hands and say: 'Let's just sit back and take it as it is', but if you have that approach then you're not going to succeed," he commented.

In September, the government announced that stamp duty would be suspended for a 12-month period on residential properties worth £175,000 or less.

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