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UK: House prices back in the red for first time in six months as stamp duty hangover hits

Posted on 30 March 2012

House prices are falling again annually, Nationwide has reported, as the temporary effect of a minor stamp duty rush finally vanished and property values dipped one per cent in March.
The renewed downturn saw house prices fall 0.9 per cent year-on-year on the building society’s index – the first annual fall in six months. Nationwide’s chief economist Robert Gardner said the slowdown seen in March was to be expected, as the removal of the stamp duty break up to £250,000 for first-time buyers hit, although if the economic outlook improved this dampening effect may fade………………………………………..Full Article: Source


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