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It's a buyers' market after a deluge of homes listed for sale in recent weeks

The UK property market is experiencing a surge in homes for sale, up 11% year-on-year, creating a buyer's market. This increase is expected to continue, leading to slower house price growth. First-time buyers face reduced stamp duty relief and higher council tax on second homes may further increase supply. Mortgage rates remain between 4-5% and are a headwind for the market.
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