Huge Drop In Transactions As Year Gets Under Way

There has been a huge drop in transactions in the first quarter of this year, while the  number of first-time buyers using Stamp Duty relief has fallen for the first time since the perk was launched, analysis reveals. There were 46,800 46,800 first-time buyer transactions using the relief in the first quarter of 2019, down from 60,800 at the end of 2018 and the lowest since the scheme was unveiled in November 2017. The research by London Central Portfolio (LCP), also found Stamp Duty receipts and liable transactions are lower than initially revealed earlier this week once Welsh figures – which are no longer included in the data by HMRC – are added back in. Read more on the Property Industry Eye website.

https://www.propertyindustryeye.com/huge-drop-in-transactions-as-year-gets-under-way/