Do the stamp duty stats add up?

I just got some stats about how many homes bought in the last year would have been covered by the stamp duty suspension were it to have come in 12 months ago. I’m surprised by the number frankly – no doubt I’ve spent too much time in London where a place for £175,000 is something of a pipedream. Sales last year that would have been caught were as follows:

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Matthew Lynn

Spain will regret its 100 per cent expat property tax

There was a total of 998,000 sales in 2007, so the £175,000 threshold would have covered about one in three purchases.

I’m still waiting to hear how the banks will respond to this.