
UK Property Prices Dip: Market Normalizing
UK property asking prices fell 1.2% in July, averaging ÂŁ373,709. Market normalizing after stamp duty changes, with buyers enjoying greater choice and negotiating power. Highest July decline recorded.
UK property asking prices fell 1.2% in July, averaging ÂŁ373,709. Market normalizing after stamp duty changes, with buyers enjoying greater choice and negotiating power. Highest July decline recorded.
Experts debate the National Housing Bank's potential to alleviate housing shortages and reduce price pressure. Concerns raised about red tape, stamp duty, and actual implementation vs. headlines.
UK housing market faces stamp duty changes impacting novice buyers. Rising inflation may curb price growth. North East sees highest price inflation. Affordability remains a key challenge for property purchases.
“The fact that so far Labour haven’t matched the Conservatives’ policy to make the current higher Stamp Duty thresholds more permanent, will be worrying many first-time buyers hoping to get on the ladder in the next couple of years,” says Reallymoving chief executive Rob Houghton.