Companies like Greycoat Real Estate have to deal with the costs of stamp duty, which makes home sales transactions cost more on the administrative side. The property portal company Rightmove has put a call in for this to be reformed, as they see this as a way to help the housing market.
Greycoat has noticed changes in consumer behavior. People new to Great Britain will see the cost of a home, but not understand that they have to pay a tax on the documents so that they can be legally recorded. It is an outdated idea that has caused many problems over the years that Right move sees as an area that needs to be reconsidered.
If someone has to move to London from outside the country or is considering the move as a place they can make investments, they will get sticker shock from such a tax (Reactnews).
Greycoat real estate agency and other companies have to educate people on this if they are not from the area, which makes people wonder about what else the government taxes and if it is worth a move. While London is a place people want to move to because of the access to a more international arena, taxation can be a reason it drops out of consideration.