The UK’s housing market has been stuck in the slow lane since 2016, with annual house price growth slowing to 0.9% in June 2019, from a rate of 8.2% three years previously according to data from the Land Registry. Changes to stamp duty introduced in 2014 and 2016 – which raised the costs for buyers of higher-value homes and second properties – and the uncertainty of Brexit, have put the market on the back foot.
Read the full KPMG report below.
Outlook For UK House Prices