01/11/2024 16:50
The Guardian
Chancellor, on a post-budget visit to Newcastle, says ‘markets move all the time’ The growth in UK house prices slowed unexpectedly last month, Nationwide said, as it warned buyers to expect a rush in transactions early next year sparked by changes to stamp duty rules in the budget.The building society’s monthly index showed that annual house prices grew at a rate of 2.4% in October, a slowdown from the near two-year high of 3.2% recorded in September.The main impact of the stamp duty changes is likely to be on the timing of property transactions, as purchasers aim to ensure their house purchases complete before the tax change takes effect.This will lead to a jump in transactions in the first three months of 2025 (especially March), and a corresponding period of weakness in the following three to six months, as occurred in the wake of previous stamp duty changes.”I spoke to him this morning. He said the Border Force officials who had escorted him were very good to him and told him he had conducted himself very well, had adhered to the bail conditions and they didn’t have to come look for him this morning.But why give someone three days to pack up their life? You would think they would at least give them 28 days so he could mount a legal case. Continue reading...
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