Sales of property in prime central London record first rise of 2016

Transaction volumes in central London’s prime property market rose in March compared to last year, the first increase in 2016, new data shows. Sales were driven by buyers trying to beat the 3% stamp duty surcharge but year on year growth slowed to 0.8%, the lowest figure for more than six years, according to the latest report from real estate firm Knight Frank. The incentive to act before the April introduction of the new stamp duty rate on additional homes was one of the reasons Knight Frank ...