Property sales dive on stamp responsibility modifications, states HMRC

The number of UK properties sold fell by 45% in between March and April, HM Revenue and Customs (HMRC) figures show, as changes to stamp duty began. In total 94,370 properties changed hands in April, below the record high of 164,400 deals in March.

HMRC stated March had seen a rush to purchase properties prior to the higher rate of stamp duty on 2nd houses came in on 1 April. Since then property owners and buyers of 2nd homes have actually had to pay 3% additional.

The number of houses offered in April - 84,280 - was the lowest for three years. Compared to April last year, the variety of transactions was down by 14.5%.

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RBA guv Glenn Stevens alerts property not 'simple road' to riches

Home investment would never be a sound get-rich scheme, Australia's central bank chief cautioned on Tuesday, saying prices would fall simply as they had actually risen.

Reserve Bank of Australia governor Glenn Stevens said regardless of the success of some financiers throughout the years, "the assumption that there's an easy roadway to riches through leveraged holdings of real estate ... is not a terrific strategy". You can sell my house fast at www.ukhomebuyersltd.co.uk .

" In all these possession markets, a vital question is constantly not simply what the possession price is doing, however what the leverage is doing," he told a business conference in Sydney on Tuesday.

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'Deal': This 1.3 m Covent Garden property is Britain's most expensive ex-council flat

A "deal" Covent Garden flat valued at 1.3 million will end up being Britain's most costly ex-council property if it chooses the asking rate.

The Odhams Walk estate home, which was bought under Right to Buy 20 years ago for just 170,000, has been given a complete makeover since its days as a regional authority home.

It has been converted from a three-bedroom flat into a trendy two-bed, with an additional bathroom included and a cutting edge cooking area and reception space.vLocated above the Rockit fashion shop, anyone who moves into the property will be within a stone's toss of the West End.

Spread throughout 950 square feet, estate representative Hudsons claim the apartment or condo is actually at the less expensive end of the market in Covent Garden.

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