Property transactions slumped 62% to 82,110 after government scaled back tax break
House sales tumbled by almost two-thirds in July after tens of thousands of homebuyers rushed to complete their purchases in order to beat Rishi Sunak’s end-of-June stamp duty holiday deadline.
Following a record surge in activity in June, when 213,370 UK homes changed hands, transactions slumped 62% to 82,110 in July according to official data, after the government scaled back its tax break for buyers in England and Northern Ireland.
