Property UK: House prices hit 'record high' but 'uncertain' housing market could slow down

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Property UK: House prices hit 'record high' but 'uncertain' housing market could slow down

While the discount will remain in place until March 31, 2021, it could disrupt the property market when that date passes.

“We also know the stamp duty holiday has helped keep the property market afloat this year,” Ross continued.

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“But when this ends in March we expect the market to slow down even further, with a greater increase in house prices and less people looking to buy and sell their homes.”

If the market slows down as predicted, those looking to buy their first property could be hit the hardest.

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