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It’s likely that we will now see a return to a normal pace in the sales market now that the Stamp Duty threshold changes have taken effect in England and Northern Ireland. This spurred on a spike in momentum which is likely to tail off in line with previous trends seen on the back of property tax changes.
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As widely expected, there was an uplift in activity in the sales market due mainly to the Stamp Duty thresholds changing in April, which will see many homeowners pay more property tax in England and Northern Ireland.