In March 2025, the Bank of England made a pivotal decision to hold its interest rates steady, sparking a wave of reactions across various sectors of the economy.
As the stamp duty deadline approaches, many property sellers are reducing asking prices to offset the upcoming cost increase and attract buyers.
Despite some challenges, the property market continues to show resilience. Turnover remains high, and the average time it takes to sell a home is notably faster than pre-pandemic levels.
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.
