A week in the UK Market
Given the mass global pandemic issues, with forecasts of a crash, the UK property market has overturned all expectations and entered a ‘mini-boom’. There are many doubts as to how long this growth will last, but for now, housing prices are estimated to be up by 2.4% since March 2020. Several factors are behind the recent upturn in property prices. The main reason is undoubtedly to take advantage of the stamp duty holiday imposed by Chancellor Rishi Sunak in a bid to boost the market since the lockdown property freeze.
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