Asking prices for British homes advertised rose solidly this month and last week's cut to property purchase tax announced by finance minister Kwasi Kwarteng could fuel demand further, property website Rightmove said on Monday.
"Friday's announcement is likely to stimulate some more demand ," Rightmove director of property science Tim Bannister said.
"If it does lead to a big jump in prospective buyers competing for the constrained number of properties for sale, then it could lead to some unseasonal price rises over the next few months." Rightmove's index of asking prices, which is not seasonally adjusted, typically falls in November and December.
Kwarteng's move to raise the transaction threshold at which stamp duty kicks in, to 250,000 pounds from 125,000 pounds, means a third of all homes currently for sale are now completely exempt in England, Rightmove said.Reporting by David Milliken, editing by Andy Bruce and Angus MacSwan
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