Reports point to a healthy housing market after lockdown
Today’s press is reporting a healthy housing market with demand and prices rising.
Property website Rightmove has reported a mini housing boom with stamp duty giveaways and the furlough scheme contributing to a rise of activity.
There has been quite a ‘bounce’ after the massive drop in activity during lockdown and the boom has surprised some experts who expected a downturn to continue into the Autumn.
This may not last when these incentives come to an end and there is concern about defaults on mortgages, but this might be mitigated by forbearance applied by lenders.
Predicting the future performance of the housing market is incredibly difficult in these unprecedented times.
In the meanwhile, our conveyancing team is active and ready to help you with your house sale and house purchase.
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