UK House Prices Fall in November to 18 Month Low

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.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza