The average price of property coming to market in February rose by just 0.5%, below the typical 0.8% for this time of year, as sellers adjust their expectations due to looming stamp duty changes. With first-time buyer homes falling by 0.1% and second-stepper and top of the ladder properties increasing by 0.5% and 0.6% respectively, the market is facing a rush to complete transactions before the stamp duty thresholds drop in April, potentially impacting over 550,000 homes awaiting legal completion.
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Bitcoin, Ethereum, and Dogecoin Soar as "Risk On" Trade Continues
Investors are actively buying risk assets, including growth stocks, tech stocks, and cryptocurrencies, with Bitcoin (BTC) rising 2.9%, Ethereum (ETH) 5.1%, and Dogecoin (DOGE) 6.2% due to positive macroeconomic news, particularly expectations of de-escalation in the U.S.-China trade war. Bitcoin has shown to be a risk asset rather than a hedge, while Ethereum and Dogecoin face uncertainty regarding their long-term value, especially as Ethereum struggles with transaction costs and Dogecoin lacks fundamental use cases. Overall,...
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