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  • Property Prices

    OBR signal negative growth in house prices



    Following the Spring Statement - The Office for Budget Responsibility has predicted that UK house prices will be falling by the end of this year.

    The OBR has downgraded its forecasts for the housing market, due to signs that house price growth has slowed, and reduced activity in the housing market.

    It now thinks house price inflation will turn negative, before bouncing back in 2021.

    This is going to seriously impact on the government’s tax receipts, as stamp duty has been a lucrative tax in recent years, but a big drop might be on the cards.

    Following the Spring Statement - The Office for Budget Responsibility has predicted that UK house prices will be falling by the end of this year.

    The OBR has downgraded its forecasts for the housing market, due to signs that house price growth has slowed, and reduced activity in the housing market.

    It now thinks house price inflation will turn negative, before bouncing back in 2021.

    This is going to seriously impact on the government’s tax receipts, as stamp duty has been a lucrative tax in recent years, but a big drop might be on the cards.




    The OBR say stamp duty receipts have significantly declined since October 2018 and are likely to create a new £3bn revenue shortfall.

    SEE ALSO  -         Landlords bigger tax payers than Tesco!

    UP NEXT -             Where next for house prices?

    DON'T MISS -        The big bad ass Brexit brief for landlords

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    Thank god the OBR's history of forecasting is absolutely rubbish then

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    Absolutely! The OBR’s track record of GDP growth, HPI, and employment is an absolute joke. It astounds me that MP’s of all colours say things like ‘we know we will be 10% poorer due to Brexit’, and they are using the OBR as basis of this ‘fact’. 

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    To right my guess is that they have to rise  in the north ! Due to government not providing affordable housing !

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