Residential sales are at their lowest since the introduction of Additional Rate Stamp Duty (ARSD) in 2016, as transactions in England and Wales have fallen by 15.4 percent in the last month and 12.6 percent in the last quarter, according to London Central Property's LCPAca Residential Index June 2018 report.

The average house prices in England and Wales fell by 0.3 percent in April, with the total quarterly fall being 0.2 percent, and prices now stand at £285,082. New build transactions also fell (18 percent) and now represent a 9.9 percent share of the market, which is down from the highest share of 14.4 percent in ...