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UK Housing Market ‘Mini-Boom’

UK Housing Market ‘Mini-Boom’ post-lockdown.

UK housing market 'mini-boom'
UK housing market ‘mini-boom’

I read an article on Homes & Property earlier this week. This one caught my eye as it talks about UK Housing Market ‘Mini-Boom’ post-lockdown. For the full article, click here.

Summary:

  • The article talks about there being a ‘mini-boom’ due to the stamp duty holiday.
  • The average house price has increased 75% over the last month.
  • There has been an increase in buyers putting offers in.
  • Lucian Cook, director of residential research at Savills, believes the pandemic itself has driven demand
  • Another driver of the market is working from home.
  • There is a trend in people moving out of London and getting more for their money elsewhere.

 

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