UK housing market cools as sellers cut prices for second month [Yahoo! Finance]
RIGHTMOVE PLC UNSP/ADR (RTMVY)
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Source: Yahoo! Finance
Average asking prices for newly listed homes across the UK fell by 1.8% in the four weeks to 6 December, coming to £358,138 (€407,972). That was after facing a previous 1.8% drop to £364,833 (€415,599) in November, according to Rightmove, an online platform used by UK residents to search for homes to buy or rent. This larger-than-usual December drop means that prices are 0.6% lower year-on-year, a real decrease of £2,059 (€2,345). “Lower price growth supported buyer affordability and drove activity in the first half of the year, even after the April stamp duty deadline in England," explained Colleen Babcock, a property expert at Rightmove. The Stamp Duty Land Tax (SDLT) is a tax that you pay if you buy property or land over a certain price in England and Northern Ireland, due within 14 days of the purchase. The rate of the stamp duty usually changes in late March. Related Watch: European housing market is on fire — what will the EU do? European Commissioner Jørgensen: Hou
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News
- Sellers slash asking prices in wake of Budget ‘mansion tax' [Yahoo! Finance]Yahoo! Finance
- House Prices: Rightmove Records Steep Falls As Market Reels From Budget Maelstrom [Forbes]Forbes
- House Prices: Market Flatlines In November Due To Budget Tax Fears – Halifax [Forbes]Forbes
- Rightmove under pressure as activist investor takes £250m stake [Yahoo! Finance]Yahoo! Finance
- Skipton in Yorkshire named happiest place to live in Great Britain [Yahoo! Finance Canada]Yahoo! Finance Canada