UK house prices fell by 1pc in March

 

Nicholas Ayre, director of UK buying agents, Home Fusion, agreed that stamp duty did play a part in the slowdown: “The stamp duty hangover kicked in before the holiday had even ended. Prices rose by 0.6% in February to fall by 1% in March. That’s a thumping headache. Will NewBuy will be the paracetamol the property market needs?”

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UK house prices fall 1% in March as stamp duty break ends

 

Nicholas Ayre, director of buying agents Home Fusion, said: “While the end of the stamp duty holiday doubtless contributed to the sharp decline in March, prices generally are being violently buffeted by the extreme shortage of stock.

“Annual prices are back in the red for the first time in six months but that’s probably where they belong.”

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House prices back in the red for the first time in six months as stamp duty hangover hits

 

Nicholas Ayre, director of home buying agents, Home Fusion, said the fractured property market is seeing prices in popular areas supported by a shortage of stock, while elsewhere suffers. He said: ‘Annual prices are back in the red for the first time in six months but, hand on heart, that’s probably where they belong.

“It’s a fair assessment that overall prices will move sideways and modestly lower over the course of the next year. But as ever, certain areas will defy economic conditions and prove robust, while other areas will go into freefall.’

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House prices back in the red for the first time in six months as stamp duty hangover hits

 

 

 

Nicholas Ayre, director of home buying agents, Home Fusion, said the fractured property market is seeing prices in popular areas supported by a shortage of stock, while elsewhere suffers. He said: ‘Annual prices are back in the red for the first time in six months but, hand on heart, that’s probably where they belong.

It’s a fair assessment that overall prices will move sideways and modestly lower over the course of the next year. But as ever, certain areas will defy economic conditions and prove robust, while other areas will go into freefall.’

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London’s home for global buyers

 

 

Foreign buyers are flocking to London, attracted by the city’s solid property market and safe haven status. Savills estate agents say the euro zone crisis has led to increased activity from Greeks and Italians. Joanna Partridge reports.

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Nationwide: House prices rise in February, but first-time buyer rush now may bring a property chill later

Nicholas Ayre, director, UK buying agents Home Fusion, said headline house price figures mask the real two-tier nature of the property market, with a substantial divide between have and have-not areas. He said: ‘Average prices are also being boosted by the more sought-after properties that are the only ones being sold right now. For just another property on just another street the picture is altogether different.

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