Housing prices were 7.1% above their previous highs and are close to the December growth rate of 7.3%, which has risen sharply in the six years since the closure of COVID boosted demand for larger homes.

LONDON: British housing prices rose by 2.1% in April, a hot month over more than a decade, after Finance Minister Rishi Sunk raised taxes on real estate, the number of international lenders shows ‘said last Friday.

Housing prices were 7.1% above their previous highs and are close to the December growth rate of 7.3%, which has risen sharply in the six years since the closure of COVID boosted demand for larger homes.

“As expected at the end of the stamp period, rising house prices fell in March, so an increase in the holiday stamp in the Budget has led to the re-establishment of April,” said President Robert Robertner…

Stamp duty, a major property tax, will not be charged for the home price up to five hundred thousand pounds ($ 696,650) made before June, at the local price of a pound. Two hundred and five hundred thousand. The first is tax-free – until the end of September.

Taxes should be available by the end of March.

Also with rising house prices, property taxes have helped to dramatically increase the number of real estate sales over the past year.

The country says housing prices are expected to rise in the coming months due to frequent housing availability and the desire to move forward due to the COVID epidemic, which has reduced the demand for small-town housing within the city.

But Gardner said the move could be reduced by the end of this year, if not if unemployment does not appear to be expected by most economists.

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