UK house prices rose more than expected in December, bolstered by buyers rushing to complete deals ahead of an increase in stamp duty in April, according to lender Nationwide. Prices increased 0.7 per cent compared with November, higher than the 0.1 per cent rise expected by economists, taking...
UK house prices grew strongly in March as demand for properties from buy-to-let landlords and second-home buyers surged ahead of the rise in stamp duty on April 1. Prices were up 2.5 per cent on the month, bringing growth over the past year to 9.0 per cent — the fastest annual rate ...
The removal of stamp duty relief from April has boosted first-time buyer demand in price bands with steepest tax increases UK house price inflation is running at +2.0% versus -0.9% last year Price inflation ranges from 7.7% in Northern Ireland and 3.2% in the North West to 1% in the Eas...
Stamp duty and household mobility: Regression discontinuity evidence from the UK We estimate the effect of the UK real estate transfer tax on household mobility using household level panel data. We exploit a discontinuity in the tax schedule as a quasiexperimental setting which allows us to isolate...
Nationwide's chief economist Robert Gardner said that after a long period where prices rose faster in London than elsewhere in the UK, a period of under-performance was to be expected. "When you look at the affordability measures, such as house prices versus earnings, they look quite stretched...
3 February 2025 Save thousands on stamp duty this February at Green Hills and Spinners Brook 17 January 2025 Live mortgage free for 12 months and enjoy £2,000 towards a summer holiday 29 November 2024 Act Now to Save Thousands on Stamp Duty ...
Stamp duty: £22,323 (no first-time buyer discount due to being above £625,000 threshold) Insurance: average of around £250 a year Total upfront cost: £61,947 Average house prices The average UK house price as of May 2023 was £302,000. As always, mortgage statistics show ...
Our Cost of Moving House calculator includes estate agent fees, stamp duty, conveyancing costs, house survey costs and removal company costs. A Summary of The Costs of Moving House We’ve worked out how much it costs to move house for the average UK property price of £285,000. Some ...
an overseas buyer/non-UK resident As of December 2023, find out more about the rates and rules for the following: Stamp Duty Land Tax (SDLT) in England and Northern Ireland Land Transaction Tax (LTT) in Wales Land and Buildings Transaction Tax (LBTT) in Scotland England and Northern Irelan...
"The stamp duty changes are undoubtedly a key driver of demand at present, which is supporting property values," Stephen Perkins, managing director at Yellow Brick Mortgages, said. However, Bill noted that such an uptick in deals was likely to be short-lived, expecting a lull from the secon...