Sales in London and South-East up 41% in March

Aaron Strutt Image

The increase in Stamp Duty Land Tax for properties over £1m caused a rush to compete sales in London and the South-East in March, Countrywide's market insight report shows.

 

The number of agreed sales across the group increased 41% in March compared to the previous month. But the picture across the UK is very different, with the overall number of sales in the UK falling by 0.8% in March.

 

Their research shows that the number of new properties coming onto the sales market rose by 4% in the month, the third consecutive monthly increase.

 

April 21, 2011

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