Despite the significant rise in house prices, buyers still start paying stamp duty at the same point they did twenty years ago.
Despite the significant rise in house prices, buyers still start paying stamp duty at the same point they did twenty years ago.
May sales agreed volumes fell 8.1% year-on-year, signalling potential weakness later in the year.
The gap gets even wider with London excluded - with a house being 2.3 times the price of a flat.
The average monthly rate of UK house price growth in April was 0.7%.
The number of homes for sale remains at historically high levels, driving price falls as competition to attract a buyer remains fierce.
Northern Ireland continues to record the UK’s strongest annual growth at 7.8%.
Savills has revised down its UK house price forecast as higher mortgage costs weigh on demand.
Annual house price growth slowed to 1.7% in May, from 3.0% in April.
Lower-band NHS workers face more than 100 years to afford a first-time buyer home in London, the new research shows.
Housing market activity is holding up in the face of uncertainty, though with fewer buyers than a year ago the outlook remains finely balanced.
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