The average price of a property in England has climbed to nearly £300,000, marking a 5.4% increase over the last 12 months. This surge in house prices has sparked conversations about the challenges of buying and selling property in the UK.
The stamp duty rush led to heightened activity in the housing market last year, with buyers seeking to avoid the changes that came into effect in April 2025. However, recent data indicates that the average full-time salary in the UK falls significantly short of the income required to afford the average home, causing concerns about housing affordability.
First-time homebuyers now face paying stamp duty on properties over £300,000, while the discrepancy in price increases between flats and houses has placed additional strain on potential second-time buyers.
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The impact is not limited to England, with Scotland, Wales, and Northern Ireland also experiencing notable price hikes. The developments have prompted discussions on the rising cost of housing and its implications for individuals across the UK.
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