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UK house sales tumble in July after stamp duty holiday deadline


Property transactions slumped 62% to 82,110 after government scaled back tax breakHouse sales tumbled by almost two-thirds in July after tens of thousands of homebuyers rushed to complete their purchases in order to beat Rishi Sunak’s end-of-June stamp duty holiday deadline.Following a record surge in activity in June, when 213,370 UK homes changed hands, transactions slumped 62% to 82,110 in July according to official data, after the government scaled back its tax break for buyers in England and Northern Ireland. Continue reading…

Source : theguardian.com
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