Asking prices for homes in Britain hit a record high for the second consecutive month, averaging nearly £380,000 in May. While this continues a five-year trend of rising prices, the growth rate has moderated since earlier in the year, influenced by the end of generous stamp duty discounts. Despite a slight decline in new buyer demand, there are indicators of recovery in May, suggesting that some buyers may have delayed purchases, anticipating further market adjustments or incentives.
Your support makes all the difference. Asking prices for homes in Britain have reached a record high for the second consecutive month, with sellers seeking nearly 380,000 on average in May.
Rightmove notes that the pace of price growth has moderated compared to the surge witnessed earlier in the year, likely influenced by the conclusion of the stamp duty holiday.
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