Stamp duty halts London property boom

31st July 2015

Land Registry figures reveal that the central London property boom has come to a sudden halt with prices flat-lining in the most expensive neighbourhoods. Higher stamp duty rates on homes worth more than £1m and a slowdown in sales that started in the run-up to the election have hit the central London property market. In Westminster, for example, values rose 1.3% year on year and 0.3% during the month.

Evening Standard