What does the Autumn Budget mean for the housing market?
Key takeaways Stamp duty increased to 5% on second homes Higher stamp duty thresholds remain in place for first-time buyers and home movers until April 2025, but are set to be lowered after then Capital Gains Tax increased but rates on residential property sales to remain at 18% and 24% £500 million pledged for affordable housing […]
What’s happening with UK house prices? Latest property market moves explained
UK house prices have returned to positive territory but tax rises following the Autumn Budget and stamp duty changes from April 2025 could hit market confidence. After hitting a record high in August 2022, house prices plummeted in the wake of former Prime Minister Liz Truss’s disastrous Mini Budget. Prospective buyers abandoned the housing market as […]
UK house prices rise at fastest rate in nearly two years
House prices in the UK grew at the fastest rate in nearly two years in November, in a surprise acceleration despite near-record highs straining affordability, according to figures from Nationwide. The annual growth rate rebounded to 3.7% in November, up from 2.4% in October, according to the UK’s biggest building society. That was the fastest […]
Average house prices to increase by 23.4% over the next five years
Average house prices are set to increase by £84,000 over the next five years, according to the latest house price forecast from property adviser, Savills. With inflation returning to the 2% target and the prospect that interest rates will continue to fall over the next two years, house prices are expected to return to consistent […]
House Price Index: November 2024
Key takeaways Housing market returns to growth in 2024, supported by rising incomes and lower mortgage rates All regions and countries recorded positive year-on-year growth, with the UK average at +1.5%, up from -1.2% a year ago Housing market has now largely adjusted to higher borrowing costs UK house prices are projected to rise by […]