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Stamp Duty Surge Boosts Sales

| 12th April 2016

The imposition of a 3% Stamp Duty surcharge on Buy to Let Investment Property and Second Homes that came into force on 1st April produced a surge of completions from buyers anxious to avoid the extra cost.

Boosted by these numbers first quarter completed sales were dramatically higher than last year and it will be fascinating to see what effect the new rates will have on sales over the coming months.