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House price rises slow but stamp duty move may lead to 'buyer rush'
The Guardian
|November 02, 2024
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 prompted 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.
This was still the third highest rate of annual growth since December 2022, but was lower than experts had forecast, with a Reuters poll of economists predicting a 2.8% increase for the month.
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