UK House Sales Slump 62 Percent After Stamp Duty Deadline

UK House Sales Slump 62 Percent After Stamp Duty Deadline
An estate agent's sold sign outside a property in a file photo dated Oct. 2, 2012. Chris Ison/PA
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House sales slumped by nearly two thirds last month as activity cooled after the end of the full stamp duty holiday, new figures have shown.

HM Revenue and Customs (HMRC) said an estimated 82,110 residential property sales took place in July, down 62 percent on June’s record levels.