UK house sales rose 9% in September, reaching 91,820 transactions, the first monthly increase since May.
UK house sales rose by 9% in September, totaling approximately 91,820 transactions, marking the first monthly increase since May. Despite this growth, experts note stagnation in sales due to limited property availability. The Chancellor's recent budget decisions on stamp duty may adversely affect first-time and second-home buyers. Optimism persists in the market, particularly with anticipated interest rate cuts by the Bank of England, which could further stimulate activity.
October 31, 2024
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