Tougher stamp duty rules have hit prices for top country homes - Knight Frank

 
Kasmira Jefford
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Prices for the UK's country homes are being hit by stamp duty (Source: Getty)
Prices of top country homes have slowed over the third quarter of the year as tougher stamp duty rules hit demand for £1.5m plus properties, according to research out today.
Knight Frank’s index of prime country property shows prices edged up by 0.7 per cent between July an September, compared with a 0.9 per cent rise in the previous quarter.
However this still outstripped the prime central London market for the second month in a row, where prices grew by 0.3 per cent.
Knight Frank said while demand for homes under £1.5m remained strong, those costing more had been badly hit by stamp duty reforms, with Land Registry figures showing 35 per cent fewer sales in the year to July.

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