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- UK property sales halve after surging to beat tax break deadline
UK property sales halve after surging to beat tax break deadline
Reuters reports that official data showed that the number of homes sold in the UK fell by more than half last month after the scaling-back of a tax break designed to encourage home purchases during the coronavirus crisis.
Britain's tax office said 73,740 homes were sold in July on a seasonally adjusted basis - 63% fewer than in June when buyers had rushed to complete sales before a COVID emergency tax break was reduced - although 4% more than in July 2020. Sales were down 24% compared with the same month in 2019, before the pandemic.
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