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A recent survey by Rightmove has declared Woodbridge in Suffolk as the happiest place to live in Britain for 2024. The study, which involved over 35,000 respondents, highlighted community spirit and access to essential services as key factors contributing to residents' satisfaction.
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Chancellor Rachel Reeves' recent budget has drawn significant criticism for its tax increases and spending reforms, raising concerns about economic stagnation and job losses. The housing market is also affected, with a notable decline in high-value property sales and investor confidence waning as the government grapples with fiscal challenges.
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As of December 2024, the UK housing market is experiencing a decline in asking prices and rising mortgage rates. Recent changes in stamp duty and economic conditions are impacting first-time buyers and overall market sentiment, leading to predictions of slower price growth in 2025.