UK house prices recorded their second largest monthly gain in 15 years in August as homebuyers sought to take advantage of a closing window on the stamp duty “holiday”.
House prices rose 2.1 per cent compared with the previous month, according to data from Nationwide building society published on Wednesday.
But tax incentives were not the only factor boosting housing demand. Supported by low interest rates, high household savings and the reassessment of people’s needs due to increased homeworking, the UK housing market has been one of the strongest among advanced economies since the start of the pandemic.
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