Carrington on Q1: Sliding stamp duty receipts and a Brexit fiasco

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SDLT was brought in to cool the market, but this one size-fits-all approach has neither worked for the London market nor the Treasury, says LonRes Chairman William Carrington

Written by

William Carrington

Chairman at LonRes

William Carrington co-founded LonRes.com in 2000. A subscription-only service providing real-time data for estate agents, relocation agents, valuers and surveyors operating in the London area, Lonres.com owns the largest archive of sales and lettings transactions in central London and further provides tailored data and research analytics to its customers. William is a director of CLEA Ltd, which publishes the London Magazine, and is a consultant to Boston Radford Chartered Surveyors. He has nearly 30 years’ experience in the central London residential market and is known to all of London’s best agents. He commutes to and from Northumberland every week.

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With the arrival of Kit Malthouse as the seventeenth incumbent Minister of State for Housing since 1997, one could say that this time, at last, we have someone with real experience of local government…
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LonRes chairman William Carrington offers his take on the issues of the day - or was that yesterday?
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Assuming a discount of about 20% against house prices at their peak, in 2014, the £2.