Property Sales Increase In March - Hmrc....

Date Published 25 April 2012

A significant rise in the number of properties sold in the UK during March is revealed in the latest data from HM Revenue and Customs.

There were 74,000 completed sales during the month - and increase of 11,000 on the previous month.

However, while the increase could be perceived as indicative of the traditional spring bounce, many will point to the end of the stamp duty concession as being the real reason behind the rise as first-time buyers tried to beat the deadline.

The stamp duty exemption for first-time buyers who bought homes valued at between £125,000 and £250,000 ended on 24 March.