UK house prices see gains slow in February as stamp duty deadline looms

UK house prices see gains slow in February as stamp duty deadline looms

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UK house prices see gains slow in February as stamp duty deadline looms
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In February, UK property asking prices averaged £367,994, marking a 0.5% increase from January. The growth was subdued due to falling seller expectations and upcoming stamp duty changes. While Scotland saw a 3.5% rise, the North East experienced a 0.3% drop. The number of properties for sale reached a 10-year high, impacting price hikes. Moving activity increased by 13% compared to last year, but ongoing economic uncertainty weighs on market sentiment. Experts suggest that sellers are adjusting their price expectations in response to market conditions.

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Pozitív kontextus
rise, increase, climbed, advanced, boost
Negatív kontextus
subdued, dampened, drop, fall, slowdown, uncertainty