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House Prices Down 2.7% In April As Stamp Duty Changes Begin To Bite

  • The UK house price inflation slowed to 3.5% in the 12 months to April 2025, down from 7.0% in March, according to the ONS.
  • This slowdown followed the end of the stamp duty holiday on March 31 and less generous discounts from April in England and Northern Ireland.
  • The market shows regional variation with the North East up 6.4%, London modestly growing at 3.3%, and South West England slowing to 0.9% annual inflation.
  • Westpac's chief economist Kelly Eckhold described the downturn as "more prolonged and deeper," while forecasts expect up to 6% growth this year despite these pressures.
  • The slower price growth implies a buyer’s market supported by rising stock levels and may lead to further moderation in house price inflation throughout 2025.
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Forbes broke the news in United States on Thursday, January 2, 2025.
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