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The number of homes sold for more than �2m - now subject to a higher stamp duty rate - fell at the end of last year, new figures show.
There were 103 �2m-plus homes sold in December in England and Wales - an 18% drop from the same month a year earlier, the Land Registry said.
Of these, 80 were sold in London, where prices have been rising the fastest.
The sales came before Chancellor George Osborne introduced a new 7% stamp duty rate in Wednesday's Budget.
There are various rates of stamp duty land tax - paid by the buyer of a property - already in place, depending on the cost of the home.
The chancellor said that those who bought the most expensive homes should contribute more. This will mean the buyer of a home at a cost of more than �2m must pay at least �140,000 in stamp duty.
The Treasury expects the measure to raise �150m in the next financial year, rising to �300m by 2016-17. First-time buyers
The Land Registry provides the latest accurate data on the sales of homes at certain price bands. Continue reading the main story Current stamp duty thresholds
* 1%: Properties of �125,000 to �250,000, but first-time buyers are exempt until 24 March * 3%: �250,000 to �500,000 * 4%: More than �500,000 * 5%: More than �1m, residential property only * 7%: More than �2m, residential property only
In December, the biggest proportion of homes were sold for between �100,000 and �150,000, with a total of 14,385 sold.
Any first-time buyers who bought homes at this price would have been exempt from stamp duty at the time.
However, from Saturday, all buyers of homes sold for more than �125,000 will have to pay stamp duty because this exemption is coming to an end after two years. Mr Osborne said it had been "ineffective" in increasing first-time buyer numbers.
In the Budget, the chancellor also announced that the level of stamp duty on residential properties over �2m which were bought via a company would increase to 15% with immediate effect.
In addition, overseas companies that already own UK residential property worth more than �2m will be subject to capital gains tax from April 2013.
Overall, the Land Registry said house prices in England and Wales rose by 0.1% in February compared with the previous month.
However, prices were down 0.6% compared with February 2010. The average home cost �161,588.
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BeachKokoda Day Commemoration Service 2012Council workers rally, August 8, 2012Ready2Wear fashion highlightsOracle at BroadbeachDead turtle washes up at TugunSally Pearson takes Olympic goldCedar Springs at Possum Creek97 Hedges Avenue, Mermaid BeachGold Coast beach erosion, August 2012Fatal crash at Burleigh HeadsBeach erosion at Surfers ParadiseScenes from Bait 3DProtesters try to save Currumbin treesMuscle Car Show 2012Marymount College formal 2012Les Sherrington v Luis Ramon Campas Bonogin house fire July 2012Splendour in the Grass 2012Cameron McEvoy becomes fish-like artMaids of Pain host the Dockyard Dames Julia Koenig a 'glamazon' successSnake catcher Tony HarrisonMini Simmons Pod surfboard in actionFinal farewell to Kelvin KaneRaid allegedly uncovers 100 cannabis plantsHorses take a dip in the BroadwaterErosion at Mermaid and Nobby BeachPedestrian killed at ChinderahGlenzeil Construction Tradies Race DayAlleged robbers go undergroundRaw sewerage floods homeFlesh-eating bug hits Gold Coast manRam-raid spree on Gold Coast, LoganPolice swarm Surfers Paradise resortCustom-built motor home 'Ultimus Prime'Attempted robbery of Worongary newsagencyTugun cruise ship terminal plansCar hits pole in AshmoreCar crashes into bus July 17, 2012Demolition at Mermaid Beach Kokoda Challenge 2012Suns v Tigers, July 14, 2012Smith Centre, Las Vegas Palm Beach bus crashBallerina Kelsey StokesQuinlivan mansion sells for $9,lulu lemon yoga.5mWhitish whale spotted on Gold CoastAsphalt spill at HelensvaleDrugs, property, cash seized in raidsOne Way Street Party at Surfers ParadiseGold Coast Tourism targets gay and lesbian marketGold Coast Turf Club transformationHang glider Jon Durand in actionTransfusion at Dracula'sWhale caught in shark netState of Origin 2012: Game 3Deception scenes shot at Sanctuary CovePolice State of Origin decider 2012Wave hits fishermen at Snapper RocksDwayne Grant tests a jetpackTruck and minibus collide at ClagirabaGeelong Cats at Wet 'n' WildBulletin's best pics of June 2012Police hunt couple over armed robberySearch for swimmer, BroadbeachStreet Entertainment ChampionshipsGC Marathon 2012: Half MarathonGold Coast Marathon 2012GC Marathon 2012: 5.7km ChallengeGC Marathon 2012: 4km/2km Junior DashGC Marathon 2012: 10 km RunSearch for wave-ski paddlerAustralian Swimsuit Calendar of the YearGalah shot with slug gun Man shot in home invasion135-year-old fig tree cut down'The Violet Hour' swimwear collectionDownunder Spirit ChampionshipsSurfside bus trashedNavy vessels Kanimbla and ManooraSurfers Paradise Festival's Launch It Baby death investigation at Logan River Mudgeeraba Show 2012TSS 2012Squatters in building when fire rips throughDaniel Ketley seriously hurt in ThailandShots fired at Ashmore homeMolten metal spill sparks fireTribute to Mohan the white tigerSurfers Paradise Festival 2012 day one Suspected bikie houseBalcony fall at Chevron IslandTaxi driver assaultsBernard Tomic's house up for saleColin Firth on the Gold CoastPolice investigate nightclub stabbingPig racing at the Hinterland HotelEclipse at Broadbeach Fatal motorbike accident at AdvancetownCrash on Bermuda StreetGold Coast dawnsNational Finals Rodeo 2012Big seas and erosion at DuranbahCar crashes through daycare centre fenceBurst water main at NerangGold Coast Marathon launchState of Origin 2012: Game 2Aiysha SaagarNotchy the dolphin released Finks pay respect at funeralAustralian Scooter Championships 2012Fire at Tandoori Place, June 11, 2012Big surf, miserable weather Ram-raiders target Domino's storesVandals trash Nerang churchGold Coast Uni Hospital progressesTwo saved as car sinks in canalEmmanuel College 2012Police nab driver over alleged attempted hold-upTwo girls stabbed at RobinaGwinganna Lifestyle Retreat2585 Gracemere Circuit, Hope IslandLabrador unit fire, June 6, 2012Police impounded vehicle auctionBulletin's best pics of May 2012Car vs semi-trailer crash Tony Abbott visits Coast landfill siteBirds of the BroadwaterWet June weather, 2012Cooly Rocks on 2012Ruffles Lodge and SpaThieves force tennis clubs to hire securityVirgin Lounge opens at Gold Coast AirportFamily watches as home gutted by fireSoul lights upGunmen target Tweed buildingsGold Coast University Hospital - Hastie Group collapseBlues on Broadbeach 2012 - final dayFirst whales of 2012 season spottedBlues on Broadbeach Festival. Paterson College formalWater protest rally at council chambersBond University Raceday Japan hit by tsunamiGovernor-General opens Bond extensionRam raid at Helensvale bottle shopCrowds flock to Quiky Pro finalsCoast's vacant commercial propertiesInternational Women's Day 2011Video stills of World Trade Center attacks1019 Edgecliff Drive, Sanctuary CoveGivenchy Ready to Wear fashionAttempted robbery at MolendinarQuiksilver Pro 2011 - round 2 actionFour-car pile-up at Southport 5/3/11Miss Hawaiian Tropic national final 2011Sanctuary Cove Fashion night. Worongary home left rooflessRatepayers protest against AllconnexAllconnex boss faces CouncilSwimshow Australia Casting 2011Miss Hawaiian Tropic bikini babes on CoastPeek at myer's autumn/winter collectionNew Zealand mourns after quakeGiorgio Armani Fall/Winter collectionShark tagging on the Coast2011 Oscars red carpetWorkers strike at GCUH siteGold Coast community cabinet 2011House fire at NerangBrown snakes at Main BeachRihanna rocks the Gold CoastFlood volunteers' day of Dreamworld funDramatic arrest at MolendinarTerra Christa bikinisASP World Champions Awards2011 National Photographic Portrait Prize Miss Hooters Australia 2011Queensland Police Service awardsInside the Bombardier Global Express XRSCostume Designers Guild Awards Olsen Ave traffic operationTree crashes into houseDeadly Christchurch earthquake (Feb 2011)Dreamworld's exotic white lionsLibyan Protest Feb 21 2011Australia's Got Talent auditionsWater protest rallyGood Vibrations 2011Man freed from compactorCar v power pole blacks out schoolCars dumped on Kurrawa beachFishing ban meeting, Feb 2011Tweed fisherman overboard Joanne Rahn's Glamorous Life SwimwearReception for Anna BlighWorkers walk off Soul site2011 Grammy AwardsFatal fire at CurrumbinSounds of Support Flood Relief ConcertDouble stabbing at Runaway BayMiss Universe Australia SEQ heat 2011Fire at Old Village BakehouseCourts, Media in Digital Era symposiumPainted Scott PrinceThe Bumehla Indigenous FestivalFatal stabbing at Jacobs WellAwesome barefoot water skiingSea World's latest dolphin calfPublic meeting on water charges (Feb 10, 2011)NRL All Stars Women in LeagueTruck fire at Sexton's HillPolice intercept alleged cop impersonatorRescued baby echidnasCar through window, SouthportPaddleboarding for Flood ReliefWaitangi Day 2011Hit and run at SouthportTruck rollover at GuanabaBurleigh foam factory fire: Feb 2M1 truck crash: Feb 2Surfers foreshore - stage twoCircle on Cavill North Tower PenthouseCar chase through LabradorThe Dog Bakery couture rangeTitans Family Race Day 2011Ray White Surfers Paradise The EventGold Coast United meet flood victimsThe Smith Family's citizenship journeyAustralia Day rodeo at EvandaleSam Harris in raunchy shootOn the set of 'Iron Sky'Australia Day 2011Protest meeting over council headquarters, Jan 2011Sexy French fashion 2011Tugun Community Flood Relief partyBig Day Out 2011Ray White Broadbeach Blockbuster auctionSurf 'n' Ink Tattoo 2011Australia Day jelly wrestlingCouncil's Australia Day breakfast 2011Surf 'N' Ink VIP party 2011Bernard Tomic's 2011 Australian Open campaignHoley the croc turns 40Cheeky Venus WilliamsOperation Goodna: Part 2Bourton Road, Merrimac, projectCar into BroadwaterFuneral of Donna and Jordan Rice, Jan 19, 2011Coast Infantry Company clean-upDisaster Management Headquarters Stabbing murder in Surfers ParadiseFlood clean-up: Operation GoodnaGolden Globes 2011Brisbane Floods 2011: Clean-up 2Big wave weekendMM Fashions on the Field 2011Princess Mary and her twinsMagic Millions Race Day 2011Brisbane Floods 2011: The clean-upThe Haddads come homeMates in Need street party, Jan 14, 2011 Farewell to Sharon TorrensBrisbane floods 2011: Jan 14Car rollover at NerangGCI becomes QT Gold CoastClimber rescued at North Burleigh headlandAbandoned baby batsWet and wild January 2011Car into house at Currumbin WatersMagic Millions Ladies Day 2011Southport Sharks artist's impressions2011 People's Choice AwardsCaravan rollover on M1Drug raid at OxenfordWild weather wreaks havoc on Coast roadsDavid 'the Hoff' Hasselhoff at Main BeachBaby animals at CWS, Jan 2011Man allegedly pushed from balconyGoldmarket Handicap race day 2011Motorcyclist veers over cliffGold Coast night-lifeSummafieldayze 2011Admiralty Drive house fireBat Out of Hell Race Day 2011New Year's Day road rampageNew Year's 2010 - The morning afterNew Year's Eve 2010New Year's Eve 2010 wedding at Palm BeachSummafieldayze 2011 setupVandalism at Palm Beach clubPalazzo Versace NYE partySummer holiday trafficSanta shaves for charityBest Gold Coast photos of 2010Steph Gilmore assaultedBest international photos of 2010Wet last week of 2010Boxing Day sales 2010Christmas prawn frenzyHydroponic lab at Varsity LakesFamily history of campingSea World's Penguin EncounterDrain rescueBroadbeach Waters shootingCasey NewportTop 20 Sexiest Gold Coast WomenMat Chloe's 4 ASD Kids WeekendSanctuary Cove Christmas concert 2010Broadbeach Christmas CarolsLucy Cole Real Estate EventFierce summer stormsSkyPoint launched at Q1Weather: It's a wild worldWilliam ZillmanTop 20 Sexiest Gold Coast MenBurleigh Carols in the Park - 2010University Hospital open day'Today' show on the CoastWikiLeaks: Inside the Swedish bunkerChristmas lights 2010Hospital lockdownPolice swarm Upper Coomera homeBundall Road shootingDecember deluge: roads go underSurfers sniper: SES search for cluesWhite Christmas at Movie WorldF-111s on Gold Coast: Pigs do flyBaby blue tongue lizardTeam Pegasus cyclists meet dolphins2010 Asia Pacific Screen AwardsDuke Art Awards 2010: The finalistsBurleigh rooftop barBulldozing bandits at NerangRip Curl's Girls Go Surfing DaySouthport Broadwater Rockpool openedFaces of Magic MillionsTanning traumas.