Buyers rushed to beat a midnight deadline that would have seen them pay higher stamp duty charges following the chancellor’s Autumn Statement.
London estate agents reported a deluge of high-end property deals. Gary Hersham, managing director of Beauchamp Estates, said his firm exchanged contracts worth £100 million in the runup to the deadline.
Experts have warned that high-end home owners in London will have to cut house prices after the changes to stamp duty.
The Guardian 9
The Daily Telegraph 7
