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House prisons in the UK in February while the property market shows “strength” in advance of Stampal changes in April, say borrowed nationwide.
House prices Rose 0.4 percent between January and February, taking the average cost of £ 270,493. The partial price at home is 3.9 percent higher than February last year, an annual growth rate is slightly from 4.1 percent in January.
Economists who are reproduced by reuters expect a 0.2 percent month month-on-month rise and a 3.4 percent annual increase.
“Grudging in April ending the threshold reliance is likely to trade buyers, house inflammation and housing and stubbornness of pantheon macroeconomics.” So the market is likely to be soft after April. ”
But actually salaries continuing to rise and unemployment remain, “We remain comfortable with our call to house prices to rise in 445”, he added.
There is a noticeable pick-up of total housing transactions in the second half of 2024, says Robert Gardner, President Economist in Nationwide, which is 14 percent compared to the same period of 2023.
“The housing market movement also remains strength in recent months, despite continuing challenges of ability,” he said.
Gardner added that he has expected the changes to the start of April “tend to generate annoyance” in transactions with their purchases to avoid additional taxes.
From April first-time buyers, for example, begin to pay off mortgage for assets worth £ 300,000 or more, instead of today.
The real bribe raises the shortest speed from 2021 over the last three months 2024, while mortgage rates last year as the england markets cut interest.
Borrowing costs are still up to the bottom of the summer summer 2023.
Boe cuts borrowing costs three times since the summer last year and its benchmark rate sits at 4.5 percent. Financial markets expect two more quarter-point cuts at the end of this year.
“As interest rates have fallen in the last summer and autumn, the housing market,” says financial markets at the end of the summer, “Matt Swannell,” Economist at the Consultant Ey Item Club Club.
“However, housing demanded in the last few months while buyers have chosen to have completed before stamp thresholds at the end of March,” he added.
Country data shows House prices in the UK about 1.2 percent under their top summer 2023, when they hit the high mortality rates.
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Corporate sentiments get a hit after the Chancellor Rachel Reeves using his autumn budget with more than £ 40bn to explode tax from April. It is also affected by the consumption of consumption, which prompts homes in advance of spending storage.
Home prices began to rise again last year as mortgage rates fell and the salaries faster than inflation. The average house price is now 25 percent higher than January 2020, before the pandemic.