HOUSE PRICES REBOUND FOLLOWING THE EASING OF LOCKDOWN
A new report by Rightmove has concluded that an “unexpected mini-boom” in demand after the removal of restrictions on the housing markets has lifted prices to a record high. The average asking price is up 2.4 per cent since March and stands at a record £320,265 (Daily Mail, p13).
The recovery of the housing market has been fuelled by pent-up demand as well as the Chancellor of the Exchequer’s recently announced stamp duty holiday, The Telegraph (p6, £) reports. Miles Shipside, housing analyst at Rightmove, said that the “spring market has now picked up where it left off and has been accelerated by both time-limited stamp duty holidays and by homeowners reappraising their homes and lifestyles because of the lockdown” (The Guardian, p13).