Buyer demand cools as stamp duty holiday tapers
"The overall tone to the market remains firm", says the RICS, with property prices continuing to rise despite a drop in new buyer enquiries.
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Average property prices leapt 4.5% in the month before the Stamp Duty holiday deadline – UK HPI
The average UK house price increased by 13.2% in the year to June 2021, up from 9.8% in May, according to the latest official UK HPI.
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Prime London property sales drop sharply as Stamp Duty holiday unwinds
Annual property price inflation in Prime Central London has picked up to 0.8%; the highest rate since May 2016.
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"The stamp duty holiday was perfectly timed to enable more people to improve their set up by moving," says Marsh & Parsons.
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