Property News · May 9, 2016

House prices fall as stamp duty changes cool buy-to-let market


Halifax says April saw prices drop by 0.8% after highly volatile pricing and a big rise in transaction numbers in February and MarchHouse prices fell in April as buy-to-let purchasers disappeared amid rises in stamp duty on second homes, according to figures from the UK’s largest lender. Halifax said house prices dropped by 0.8% during the month, a sharp reverse on the 2.2% gain seen in March, taking the average house price to £212,32, down £1,624 on the month. The annual pace of inflation also slipped back, from 10.1% to 9.2%. Continue reading…

Source : theguardian.com
Read more…House prices fall as stamp duty changes cool buy-to-let market

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