Small firms take advantage of record rise in conveyancing

25 Aug 2016

Despite pre-Brexit fears, the property market has boomed amid SDLT changes

Property transactions in Q2 grew by almost a quarter year-on-year as buyers raced to beat changes to stamp duty land tax (SDLT), new research has found.

The increase in SDLT by at least 3 per cent on buy-to-let properties and second homes on 1 April saw completions rise from 230,430 to 286,425.

In a record-breaking April, transactions soared 26 per cent to 114,425 from 90,476 in March - the highest since monthly records began in 2011. The largest number of businesses responsible for completed transactions at Land Registry in any month was also recorded s...

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