As we move into 2025, the UK property market is poised for steady growth after a year of adjustment in 2024.
Home sales will "jump" at the beginning of next year as people try to buy before the rise in stamp duty, one of the UK's biggest lenders has predicted.
The Times reports that capital gains on profits from the sale of shares and some other assets, which is currently levied at 20%, is likely to increase by “several percentage points”. But the rate will not change for second homes.
Buyers are paying extra for energy-efficient homes and less for inefficient properties, the Nationwide house price index also found.
For-sale stock of homes up 14% in August compared with year before as interest rate cut boosts activity.
Rightmove says homeowners are springing into action, with Thursday 28 March seeing the highest number of new sellers coming to the market in one day so far in 2024, and the third largest since August 2020.
