Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Why Countrywide’s first quarter wasn’t as bad as it looked
Estate agent Countrywide (CWD) suffered a 29% year-on-year decline in house sale exchanges in the first quarter of 2017.
While this sounds terrible, the decline was most likely distorted by last year's comparative figures.
There was a rush of sales in the first quarter of 2016 ahead of a rise in stamp duty for the purchase of additional residential properties from April 2016. Therefore Countrywide always faced a tough task this year in trying to match last year's sales surge.