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London House Prices Forecast to Plunge as Brexit Chokes Market

London property prices are set to fall next year as uncertainty about Britain’s exit from the European Union damps the U.K. housing market, according to the Centre for Economics and Business Research. London, and especially the priciest areas of the capital’s housing market, will be most affected, with prices dropping 5.6 percent in 2017, according […]

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‘Brexit’ and Taxes Play Tug of War on British Housing Market

The U.K. housing market is being pulled in different directions as buyers try to beat a looming tax increase and uncertainty over the country’s referendum on European Union membership weighs on sentiment. Nationally, house prices rose 0.8 percent in February, according to LSL and Acadata, with demand from landlords and second-home buyers helping to boost […]

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Housing market faces cool summer after stamp duty hike

The housing market faces a tougher summer after the stampede of investors looking to beat the Chancellor’s April stamp duty hike on buy to let homes fades away, Nationwide has predicted. The lender, whose index saw house price growth unchanged at 0.3% last month, noted the surge in mortgage approvals to almost 75,000 in January […]

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Housing market ends 2015 with a bang with property prices up by an annual 6.4% in December

The housing market ended 2015 with a bang as property prices rose at the fastest pace since January last year, official figures show. The biggest rises were recorded in commuting towns within reach of London as homebuyers increasingly search for more affordable housing outside the capital, according to the latest figures by the Land of Registry. […]

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UK: House price rises accelerate, says ONS

UK house prices accelerated with a 9.6% increase in the year to the end of March, according to official figures. A lack of homes on the market is thought to be behind the rise at a time when activity was expected to have been curtailed by the election campaign. The annual rate of increase accelerated […]