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City A.M. @CityAM on x 79.2K followers
Created: 2025-07-21 12:31:58 UTC
House prices in London have fallen this month as higher taxes hit both domestic first-time buyers and international non-doms.
Inner London prices fell by XXX per cent in July month on month, according to Rightmove’s latest house price index, while overall prices in the capital fell by XXX per cent.
Rightmove noted that April’s increase in stamp duty, which removed stamp duty relief for first-time buyers, has hit buyer affordability.
The median first-time house purchase tipped over the threshold for paying stamp duty in April, meaning the average buyer needed to shell out an additional £6,250 – something only XX per cent of first-time buyers in London can afford, according to a survey from Fairview Homes.
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#uk #london #news #property #realestate #housing #housingcrisis #finance #personalfinance #stampduty #tax #business #economy #economics
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