House prices grew for the seventh month in a row in March as activity was boosted by buyers rushing to complete transactions before stamp duty thresholds increased at the end of the month.
The average price of a home in the UK increased by 3.9 per cent year-on-year in March to £271,316, unchanged from February, data from the high street lender Nationwide showed.
However, house prices were flat month-on-month as the looming change to stamp duty dissuaded buyers towards the end of the month, as any transactions would be unlikely to be completed before the deadline.
From April 1, the stamp duty for first-time buyers in England and Northern Ireland will be paid at property prices of £300,000 rather than £425,000. For other homebuyers, the
Visited 1 times, 1 visit(s) today
