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Higher stamp duty behind sharp decline in prime property sales in central London
The prime central London residential property market has experienced a sharp decline in sales volumes since the middle of 2014 mainly due to higher stamp duty rates, a new report confirms. However, while sales have been weaker, a combination of lower asking prices and a weaker pound has begun to push demand indicators higher in […] The post Higher stamp duty behind sharp decline in prime property sales in central London appeared first on PropertyWire . Continue reading →
UK property prices still rising, up 1.4% in October, despite Brexit uncertainty
Residential property prices in the UK continued to grow in October, up 1.4% and are now 5.2% up year on year, taking the average cost of a home to £217,411, the latest lender index data shows. On a quarterly basis they were up just 0.1% but experts point out that this reflects a slowdown caused […] The post UK property prices still rising, up 1.4% in October, despite Brexit uncertainty appeared first on PropertyWire . Continue reading →
More houses selling in the UK for a million pounds and more
Million pound house sales in the UK are rising but the average price of a home in this bracket has fallen by 7% in the past two years, new research has found. The number of million pound sales in the first half of 2016 was 12% higher than in the first six months of 2015, […] The post More houses selling in the UK for a million pounds and more appeared first on PropertyWire . Continue reading →