Monday, 18 January 2021

House Prices Dip As Sellers Seek Deals Before Tax Break Ends

Rightmove said asking prices for residential property fell in December and early January ahead of the expiry of a tax cut for buyers, but the country’s booming housing market remained busy. Prices for houses and apartments advertised between Dec. 6 and Jan. 9 were down by 0.9% from the previous month, slowing the annual pace of growth to 3.3% from 6.6% a month earlier, Rightmove said. But the number of buyers contacting agents was up by 12% and the sales agreed were up by 9% in January so far compared with the same period a year earlier, when the market was also strong. Read more on the Reuters website.

https://www.reuters.com/article/uk-britain-economy-houseprices/uk-house-prices-dip-as-sellers-seek-deals-before-tax-break-ends-rightmove-idUSKBN29N006 

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