Four in five existing homeowners (83%) will pay stamp duty from April, up from 49% today as the 2% band returns between £125k and £250k, adding up to £2,500 per purchase
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Buyers have a wide choice of homes for sale, which will keep price inflation in check. Sellers need to be very careful in how they price their homes if they are serious about moving in 2025.
Rental inflation has slowed, which will be welcome news to renters. But there are still 12 people chasing every home for rent.
The housing market is resilient, supported by faster growth in average earnings. There are the most homes for sale in 7 years, which will keep price inflation in check. But are buyers missing opportunities in the flats market?
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The housing market in 2025 is off to a better start than the previous two years. More people are now looking to buy and the outlook for market activity bodes well.
The average UK home is now worth £2,400 more than it was 6 months ago. But if you own a terraced property in the north, it's likely to be a lot more than that.
