Stamp duty rise hits Berkeley Group demand

Stamp duty rise hits Berkeley Group demand
 

Housebuilder Berkeley has reported a 20% drop in underlying demand for its properties due to higher stamp duty for landlords and Brexit uncertainty.
The firm said "the extraordinary attack on buy-to-let landlords" by the government had hit reservations.
However, its shares rose after it reported a 33.9% rise in profits to £392.7m in the half-year to 31 October.
The increase came as the company sold fewer homes at a higher price, selling 2,076 houses at an average of £655,000.
In April, the government introduced a 3% stamp duty surcharge for buy-to-let landlords and people buying... read more

 
2 December 2016 in Business, Views: 36
Source: BBC
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
              1 2
    3 4 5 6 7 8 9
    10 11 12 13 14 15 16
    17 18 19 20 21 22 23
    24 25 26 27 28 29 30