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UK House Prices Drop Amid Higher Stamp Duty Rates

7/2/2025

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Summary

Story summary

UK house prices decreased by 0.8% in June, averaging £271,619, the steepest drop since February 2023.
The decline follows the conclusion of the stamp duty holiday, lowering the buyer threshold.
Nationwide's chief economist highlighted reduced demand linked to higher stamp duty rates.
Year-on-year growth slowed to 2.1%, down from 3.5%.
Asian shares mostly increased, while US stocks reached record highs, driven by technology.

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Story summary

UK house prices decreased by 0.8% in June, averaging £271,619, the steepest drop since February 2023.
The decline follows the conclusion of the stamp duty holiday, lowering the buyer threshold.
Nationwide's chief economist highlighted reduced demand linked to higher stamp duty rates.
Year-on-year growth slowed to 2.1%, down from 3.5%.
Asian shares mostly increased, while US stocks reached record highs, driven by technology.