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London sees surge in number of US buyers spending an average £7.3m
US buyers surge to second place in London’s international buyer rankings, spending an average of £7.3m ($9.3m) in 2019, data shows.
Pent-up demand continues to build in prime London sales markets
While political uncertainty remains, there are signs pent-up demand is now being released in prime London markets. This is taking place initially in higher-value markets, where demand is subject to a wider and more complex set of factors, including wealth flow patterns and currency movements
The UK housing market in five charts
Average annual UK house price growth slowed to 0.6% in May, from 0.9% a month earlier. According to Nationwide, the average price of a home is now £214,946.
Decline in high value sales impacting Stamp Duty revenue
Annual residential stamp duty receipts in England and Northern Ireland fell by 11% over the 12 months through Q1 2019, figures from HMRC show.
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