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Author Topic: Hope for some, heartbreak for others as house prices go through the roof  (Read 55 times)

NadiaWits

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Hope for some, heartbreak for others as house prices go through the roof

With pent-up demand and the stamp duty holiday sending the cost of homes soaring, we look at the groups and sectors that stand to gain or lose outUK house prices have hit a record high since the lifting of lockdown, after the fastest monthly growth in property values in August since 2004, fuelled by the release of pent-up demand and the government’s stamp duty cut.Despite Britain plunging into the deepest recession in modern history in the second quarter, estate agents report a surge in interest from those with the financial security to move, and from those whose priorities have been changed by Covid-19. There are, however, winners and losers in this rapidly moving market, as Covid-19 creates a period of boom and bust. Continue reading...

Source: .:https://www.theguardian.com/money/2020/sep/05/hope-and-heartbreak-as-uk-house-prices-go-through-roof



 

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