Data via UK property website Rightmove
- Average asking prices for newly registered houses and apartments fell 1.7% in December m/m
- +1.4% y/y
The report notes that while that activity was strong for the time of year as movers aimed to complete sales before property purchase taxes rise in April:
- The stamp duty changes are a cloud over the market at the moment, with some groups more affected than others, and therefore to avoid the additional costs.
This article was written by Eamonn Sheridan at www.forexlive.com.
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