London faces massive sales logjam before  stamp duty hike


Residential properties in view of the Canary Wharf in London, UK.Photographer: Hollie Adams/Bloomberg

LONDON: England’s capital faces the biggest bottlenecks of house sales in the United Kingdom as buyers and sellers rush to complete deals before a property tax increase comes into force, Rightmove says.

The number of first-time buyers trying to tie up transactions in the capital is almost a third higher than at the same time last year, the property website said yesterday in a report.

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UK , capital , bottleneck , stamp duty , home

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