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House prices fall ahead of tax hike on homebuyers

Posted on 29 November 2011

Government plans to increase tax on first time homebuyers next March should be scrapped, Britain’s biggest building society claims, as fresh evidence of falling confidence in the housing market emerges from Land Registry figures which show house prices fell 3.2pc last year.
According to official figures based on property sales and Stamp Duty receipts, house prices are now 7pc lower than a year ago in the North East and North West, while London is the only part of the country where house prices increased during the last 12 months – and then only by 0.3pc………………………………………..Full Article: Source


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