Stamp duty hits London sales

30th September 2016

Increases in stamp duty have hit property sales and could threaten mayor Sadiq Khan’s ambitions for 50,000 new homes a year in the capital, writes Jonathan Prynn in the Standard. Land Registry data shows a 40% year-on-year dip in the number of homes sold in London in Q2 2016, with this reaching 55% in central London. Mr Prynn says the decline, coupled with Brexit-related uncertainty, has “started to undermine” an encouraging increase in the number of new homes being built.

Evening Standard (23/09/2016)