House sales slumped by nearly two thirds last month as activity cooled after the end of the full stamp duty holiday, new figures have shown. HM Revenue and Customs (HMRC) said an estimated 82,110 residential property sales took place in July, down 62 percent on June’s record levels. It compares with a frenzied June for Britain’s property market, when HMRC reported 213,120 sales, the highest monthly UK total since the introduction of the statistics in April 2005 and more than double numbers seen a year earlier. HMRC said that, following last month’s stamp duty deadline, “an expected but noticeable decrease has been observed within provisional July 2021 UK residential transactions statistics.” In England and Northern Ireland, buyers raced to complete purchases before the temporarily increased “nil rate” band to £500,000 ($686,000) for residential stamp duty land tax (SDLT) ended on June 30. This relief has since been tapered to £250,000 …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta