• London housing transactions plummet 18% as Brexit, stamp duty, and mortgage rules bite

    5 days ago - By Business Insider

    Transaction volumes in London - the number of houses being bought and sold - have dropped 18% since last year, according to housebuilder Berkeley,
    The group posted strong profits but warned of a tough outlook next year, as Brexit and inflation bites.
    LONDON - Transaction volumes in London, the number of houses being bought and sold, have dropped 18% since last year, according to housebuilder Berkeley.
    The group, which mostly develops sites in London, said in an interim results statement that pre-tax profits rose 36% to £533.3 million in the six months to October 31, selling 2117 homes for...
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