Stamp Stamp Dead Day and Economy British Housing Market | Housing market

Momentum in the British housing market slowed down in February, causing confidence due to concerns about stamps, stubborn high interest rates and global economic photography.

RICS (Royal Institute of Char

According to the RICS survey on experts, the expensive expenses for some housing buyers are expected to weaken market activities starting April 1. Stamp obligations are applied to the UK and North Ireland.

Concerns about global events such as interest rates, inflation and tariff trade are also likely to weaken the trust of buyers, the report said.

According to Halifax, typical real estate prices were recorded at 298,602, down 0.1% in February, with an average price of 299,138, up 0.7% in January. However, according to the initial measures of the country, the average UK housing price rose 0.4% in February despite signs of sluggish economic sluggishness. The average price of houses purchased through the UK's largest building association increased to 270,493.

The RICS survey also decreased new agreement in February, and experts based in London reported especially noticeable sales in a monthly sales.

The market is expected to continue to be soft in the short term, but the report is expected to increase significantly with the price expected over the past six months in the next 12 months, the report is expected to increase about 47%of real estate experts.

In the lease, the demand for tenants has declined for four consecutive months, and the longest period of time has been marked since the RICS started the monthly record in 2012.

Sarah Coles, the personal financial officer of Hargreaves Lansdown, said: [been] In February, I knew that there was no possibility of selling it before the end of the stamp duty holiday, so we effectively closed the buyer.

Undoubtedly, it sucked some lives in the market. New buyers and sales have been reduced with new buyers at the lowest tide since the end of 2023. Housing prices have continued to rise but have not risen quickly, and Agents are still very confident about this news.

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COLES is especially difficult for young tenants, especially according to Hargreaves Lansdown's savings and elasticity spectators, and on average, only 73 tenants are left at the end of this month.

TOM BILL, head of the British residential research at Knight Frank, said: The market is still expected to cut interest rates in the UK in 2025 and still think there will be a single -digit housing price increase, but some attention can be understood.

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