US EditionHouse Prices Down 2.7% In April As Stamp Duty Changes Begin To Bite
- The average UK house price grew 3.5% in the 12 months to April 2025, halving from 7.0% growth recorded in March as prices fell between March and April.
- The slowdown occurred after the stamp duty holiday concluded on March 31 in England and Wales, leading to reduced discounts for certain buyers and the reinstatement of the £125,000 threshold.
- Regional variation showed North East England as the hottest area with 6.4% annual growth, down from 15.3% in March, while South West England slowed sharply to 0.9% growth.
- Sarah Coles conveyed that those aiming to purchase their first home should not expect a drop in property prices to ease their situation, while Richard Donnell highlighted that a decrease in the pace of rental price increases would be positive news for tenants.
- The slower price growth suggests stamp duty changes are impacting the market, with elevated borrowing costs and high supply supporting a buyers market amid expectations of further slowing over 2025.
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Daily MirrorReposted by 
The Business Times
The Business TimesHouse prices have slowed sharply but one area is bucking the trend
Official research has revealed a sharp slowdown in house prices - but it's a mixed picture, with the data also showing the massive gulf between the cheapest and most expensive areas
·London, United Kingdom
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Total News Sources16
Leaning Left4Leaning Right0Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 40%
C 60%
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