UK house sales fall 52% in month after stamp duty holiday deadline

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HMRC property market figures reveal most subdued October for almost decade

Photograph: Maureen McLean/REX/ShutterstockPhotograph: Maureen McLean/REX/ShutterstockHouse sales tumbled by more than half during the first few weeks after the end of the UK’s stamp duty holiday, leading to the quietest October property market for almost a decade.

 

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Is this a sign of what's to come in 2022, and could an interest rate rise combined with lessening demand crash house prices?

Let's get some normality back. Prices across South went crazy eg £250k increased to £500k, £350-400k increased to £700k! Especially bog standard bungalows.

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