Reported 4 days ago
According to Rightmove, the UK housing market is experiencing a slowdown in asking prices for newly listed homes as an increase in property purchase taxes approaches. The average property price rose only 0.5% recently, which is a significant drop from the previous month's rise of 1.7%. With a temporary tax break ending on March 31, concerns about potential delays in property transactions are growing, prompting calls for a possible extension from the government.
Source: YAHOO