Christmas Spending Trends and Market Updates
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Homebuyer Trends:
- Homebuyers are planning to complete their purchases by March 2025, with many delaying until after Christmas. This anticipation of stamp duty relief deadline extension drives house hunting activity throughout December.
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UK Property Prices:
- Average UK house prices fell by £6,395 in December, reflecting a seasonal slowdown. Despite this decline, prices remain 1.4% higher than December 2023 and align with Rightmove’s expectations for 1% annual growth. Activity remains strong, up 22% year-on-year.
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London Stock Market Debut:
- Film production company Canal+ becomes the biggest London market listing this year after splitting from Vivendi to unlock asset value. Shares dropped 13%, citing a conglomerate discount in Vivendi’s valuation.
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** Christmas Spending:**
- Christmas shopping remains active, with consumers planning purchases well in advance to take advantage of potential stamp duty relief extensions later in the year.
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** Market Activity:**
- The London stock market saw record high IPO activity this year, with over 60 companies going public and a significant increase in banking and technology sector offerings.
