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MSE News: Nationwide: Largest house price jump in nearly two years
Comments
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Why are you all having a go at brit1234? I'd actually agree that the bottom hasn't been reached yet, and this sudden rise is quite obviously down to the deadline of free stamp duty. MSE should be reporting this assumption in my opinion.
I haven't yet heard a constructive counter-argument to suggest otherwise... just a bit of mocking instead.0 -
Up 0.6% wow that is some spring bounce especially with the stamp duty holiday about to end. Can someone also remind me what inflation is at the moment.
Doesn't make the rise look so good when all the facts are considered.0 -
Haven't we seen inflation running at more than 4% over this period? Wages haven't kept pace with that. So it looks like a net real terms decline of a little more than 3% over that period.0
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I do suppose that there are some FTBs who have paid 2% extra to avoid Stamp Duty. Observing the housing market over a few decades, it seems to be the pattern that house prices rise before some taxation change - typically by a little more than the change itself and then slump back immediately thereafter.I reckon the rush for FTB to get in before the stamp duty holiday ends would have and effect as well.
Ali xHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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