Sales in London and South-East up 41% in March
The increase in Stamp Duty Land Tax for properties over £1m caused a rush to compete sales in London and the South-East in March, Countrywide's market insight report shows.
The number of agreed sales across the group increased 41% in March compared to the previous month. But the picture across the UK is very different, with the overall number of sales in the UK falling by 0.8% in March.
Their research shows that the number of new properties coming onto the sales market rose by 4% in the month, the third consecutive monthly increase.
April 21, 2011
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