UK housing market starts to feel the drag from tax change, Rightmove says By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 17 2025
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Source: Investing.com
Current Trends in UK Housing Market: Asking prices for newly listed homes in Britain have increased by only 0.5% recently, indicating a slowdown ahead of an impending rise in property purchase taxes, with a year-on-year increase of 1.4%.
Impact of Tax Break Expiration: The upcoming end of a temporary tax break for homebuyers is affecting market dynamics, leading to concerns about potential delays in transactions and calls for a possible extension from the government.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
