Cut in stamp duty has only really benefited London, says Zoopla

Property website says sales jumped by 27% in first two weeks of stamp duty holiday

• Coronavirus – latest updates
• See all our coronavirus coverage

The government’s stamp duty cut to reboot Britain’s virus-stricken property market has benefited London most and had little impact elsewhere so far, according to Zoopla.

In a reflection of the disproportionate benefit for wealthier buyers, the property website said that agreed house sales in the capital jumped by 27% in the first two weeks of the stamp duty holiday.

Continue reading...

from Property | The Guardian https://ift.tt/3f7XiDb
via IFTTT