Barclays Calls for Government Incentives to Boost UK Downsizing Market
What happened
A survey by Barclays of 2,000 homeowners found that while a quarter are open to downsizing, seven in 10 cite financial risks and upfront costs as barriers. The research identified Stamp Duty as a deterrent for 27% of homeowners, followed by moving and removal costs at 21%. In response, Barclays has urged the government to consider incentives, such as targeted financial help.
From propertywire.com
Why it matters
The findings highlight that transaction costs and financial barriers are significantly slowing the downsizing trend in the property market. Barclays suggests that incentives could help homeowners find properties that better suit their needs and strengthen financial resilience.
Companies are currently lobbying the government to secure regulatory incentives.
From propertywire.com
Who's involved
- BarclaysConducted the survey and called for government incentives to aid downsizing.
- governmentIs being called upon by Barclays to consider providing financial incentives.
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The entities involved
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Barclays
British bank
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government
system or group of people governing an organized community, often a state
Related events
- Firms are partnering to create AI financing platforms as institutional investors are drawn to the growing demand for AI technology.
- Calls are mounting for economic overhaul, corporate tax hikes, and increased regulation targeting big banks like Lloyds and Barclays, alongside the corporate sector generally.
- Barclays lifted its share target for Strategy on October 1, 2026.