A property expert warns potential home buyers in early 2025 of market volatility due to upcoming stamp duty changes, predicting a surge in transactions followed by a period of weakness. Nationwide Building Society reports a 4.7% annual increase in UK house prices in December 2024, with terraced homes showing the highest growth. Chief economist Robert Gardner highlights affordability challenges and a north-south divide in price performance, while predicting a return to 2-4% growth once stamp duty-related fluctuations subside.
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