A run-up in asking prices for newly listed homes in Britain has lost steam ahead of an increase in property purchase taxes, according to a survey published on Monday.
Property website Rightmove said the average price of properties put on the market rose by 0.5 per cent between January 12 and February 8 to 367,994 pounds (US$464,666), a weaker-than-usual increase for the time of year and a slowdown from a strong rise of 1.7 per cent in the previous four weeks.
Compared with the same period a year ago, asking prices were 1.4 per cent higher.
Colleen Babcock, Rightmove’s head of partner marketing, said the March 31 end of the temporary tax break – for buyers in England and Northern Ireland of cheaper homes and for first-time buyers – was having an impact.
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