Thursday, 22 July 2021

House Prices Rise By 10% Amid Stamp Duty Holiday Rush

UK house prices rose by 10% in the year to May, the fastest rate since before the 2008 financial crisis, as buyers scrambled to take advantage of the stamp duty holiday in some parts of the country. Data from the Office for National Statistics put the average price of a property at £254,624. The annual growth appears to have been driven by buyers’ desire for larger homes and outdoor space, and the stamp duty savings that were largest on homes in England and Northern Ireland priced at £500,000 and above. Read more on the Guardian website.

https://www.theguardian.com/money/2021/jul/14/uk-house-prices-rise-by-10-amid-stamp-duty-holiday-rush 

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