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Seegmiller Nies

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A new index revealed by property web site Zoopla found not a single one of the UK’s 20 biggest cities noticed annual property progress edge above 5% in August - the first time since 2012 that this has happened – with “the market is within the means of adjusting to more sensible pricing”, stories Sky News. New figures reveal that while the tempo of growth is slowing, property costs are nonetheless rising across the capital as demand continues to soar. According to Tom Bill, head of London residential analysis at Knight Frank, the present period of price declines in prime central London has lasted for almost the identical size of time as that recorded in the early 1990s, earlier than the capital's decades-lengthy property boom began. Homes and Property says that combined with Stamp Duty relief on properties worth less than £500,000 and authorities initiatives corresponding to Help to Buy London, “the news will bring relief to the 47% of millennials who just lately advised Royal Bank of Scotland

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