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Article: Price falls blamed on Stamp Duty issue.
- Article from:
- Mortgage Strategy
- Article date:
- August 25, 2008
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Estate agencies Rightmove and haart have blamed the government's dithering over a potential Stamp Duty suspension for a fall in house prices.
Rightmove says its August figures reveal average asking prices in London fell 5.3%, a drop of #21,000, after rising 0.3% in July. Across the UK, new vendors are putting their properties on the market for 2.3% less than in July.
Rightmove says the decline is the largest fall measured by its August house price index. The news comes on the back of falls of 1.2% and 1.8% across the UK in June and July respectively.
Miles Shipside, commercial director of Rightmove, says that even if the government gave ...