Good news for estate agents – and for Chancellors looking at a ʻMansion taxʼ. According to the Land Registry the number of sales of homes in December over £1m year-on-year was up 151% in England & Wales and over 200% in London! That extra 1% of Stamp Duty due to come into force in April next year on the purchase of homes over £1m could actually raise an appreciable sum of money!
Double click on the report above to download the summary of the housing market in February. Drawn from the main indices and processed along with other numbers this is the definitive guide to what the market is doing. Draw your own conclusions.