Property News · March 18, 2016

Stamp duty weighing on luxury housing market, says Berkeley


High-end housebuilder says transaction levels in London and south-east have been hit by tax increaseBerkeley has said higher stamp duty has hit the luxury London housing market, sending its shares and other housebuilding stocks lower.The FTSE 100 company, which mainly builds mainly in London and the south-east, said reservations for new homes were 4% lower between November and February from the same period a year earlier. Continue reading…

Source : theguardian.com
Read more…Stamp duty weighing on luxury housing market, says Berkeley

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