Category: stamp
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Stamp Duty hikes trigger 42 per cent slump in prime London property deals
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Repeated increases in stamp duty have had a significant impact on high-end property sales in London, with transactions in Britain’s two most expensive neighborhoods falling by 42 per cent over the past decade. According to new analysis by Savills, deals in Kensington, Chelsea and Westminster fell from 10,665 in 2013-14…
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First-time buyers rush to complete purchases ahead of stamp duty increase
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First-time homebuyers in some of the UK’s most expensive areas are rushing to finalize property purchases before April 1, when stamp duty costs are set to rise by an average of £6,300, according to new data from Rightmove. Demand for homes among first-time buyers in London has risen by 3…