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America One News
30 Nov 2024
#economy
GB News: Stamp duty could push house prices up in 2025 - which areas are worst affected?
UK house prices are expected to rise by 2.5% in 2025, with sales volumes projected at 1.15 million. The increase is influenced by upcoming stamp duty changes, affecting many homebuyers, particularly in England and Northern Ireland.
The housing market showed recovery in 2024, with a 1.5% price increase. Northern Ireland experienced the highest growth at 6.3%, while southern regions faced affordability challenges. Overall, house prices are forecasted to grow by 7.5% by the end of 2027.