The government’s decision to introduce stamp duty land
tax (SDLT) reforms 12 months ago has had an adverse impact on the overall
housing market across England and Wales, fresh research shows. Analysis of data
from Land Registry and Zoopla reveals that the number of homes changing hands
has fallen by almost a fifth - 19% - across England and Wales and by as much as
35% in London, as the government’s 3% stamp duty surcharge on second homes
deters many investors from buying property. The most significant slowdown in
activity was at the top end of the market, with the vast majority of listed
properties valued at more than £500,000 remaining unsold. Read more on Property
Investor Today.
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