First Fall Of The Year
The average House Price in England fell by 0.2% in May which is the first fall in the last year. After the new governments budget changing Capital Gains Tax and VAT it looks like the recovery we had been enjoying (?) is now becoming more of a coma. Few people in the UK will be splashing out, or moving home for any but essential reasons in the near future.
The rise for April was just 0.1% which shows a definite slowdown, the busy summer season is now upon us so time will tell if falling house prices will add to our woes while we dig in for the raises in tax and paying back the national debt.
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