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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