Sales of £2m-plus homes rise by 78%

Sales of homes worth more than £2 million have soared by nearly 80% year-on-year, but house prices generally have remained flat, Land Registry figures have shown

There were 160 sales of homes worth £2 million or more in June, the latest month for which the figures are available, representing a 78% increase on the same month in 2011, despite the introduction of a stamp duty rate of 7% on homes in this bracket in April this year.
%VIRTUAL-SkimlinksPromo%