Property News · June 1, 2016

House price inflation slows after stamp duty increase


Monthly increase in May was 0.2%, meaning average price for a home in the UK is now £204,368, after demand for second homes slumpsHouse price inflation slowed in May to a rate of 4.7% a year as second home buyers and landlords fell out of the market, according to Nationwide Building Society, but it added that a more prolonged slowdown is unlikely. The monthly increase in May was 0.2%, the same as April, helping to cut the annual rate from 4.9%. The average price for a home in the UK is now £204,368. Continue reading…

Source : theguardian.com
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