Property News · June 21, 2017

House sales have fallen by nearly a third in some parts of UK, says Lloyds


Housing market activity now substantially below level before financial crash thanks to high prices and stamp duty, research findsHigh prices and hefty stamp duty bills have resulted in a near one-third drop in house moves in some parts of the country over the past year, according to research by Lloyds Bank.The number of home sales in England and Wales fell by 7% in 2016 to 848,857, but dropped most heavily in London, by 18%, and 10% in the south-east. Brent in north London and Berkhamsted in Hertfordshire saw falls of 30% in the number of transactions. Continue reading…

Source : theguardian.com
Read more…House sales have fallen by nearly a third in some parts of UK, says Lloyds

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