High-terminate housebuilder says transaction levels in London and south-east own been hit by tax increaseBerkeley said that higher stamp duty has hit the luxury London housing market,sending its shares and other housebuilding stocks lower.
The upmarket housebuilder, which focuses on London and the south-east, or said reservations for new homes were 4% lower between November and February,compared with the same period a year earlier. It sold 62 homes worth more than £2m, a similar number to a year earlier, and when the market slowed in the rush-up to the general election.
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Source: theguardian.com