Tuesday, 2 March 2021

House Prices Rise As End Of Stamp Duty Holiday Nears

UK house prices bounced back in February despite the imminent end of the stamp duty holiday, fuelled by changing housing preferences in the Covid-19 pandemic, and some buyers betting that the tax saving will be extended. The average price of a home rose by 0.7% to £231,068, the highest on record, more than reversing January’s 0.2% drop, said Nationwide, Britain’s biggest building society. This took the annual growth rate to 6.9% from 6.4%. A shift to working from home and far less commuting during the pandemic has changed what people want in a property. Read more on the Guardian website.

https://www.theguardian.com/money/2021/mar/02/uk-house-prices-rise-stamp-duty-holiday-covid-19-pandemic 

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