U.K. house price growth fell for the sixth consecutive month in November to hit an 18-month low, according to a survey by the Royal Institution of Chartered Surveyors.
However, the group expects British Chancellor George Osborne’s recent stamp duty reforms to boost prices by between 2 and 5 percent over the next year.
he changes to stamp duty – a British tax on documents usually relating to properly – were announced by Chancellor George Osborne in his Autumn Statement earlier this month. He said the measure would mean a lower rate of stamp duty for 98 percent of home buyers.
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