UK housing activity jumps after incentive extended

TheStar Fri, Apr 09, 2021 11:20am - 3 years View Original


Booming: A worker places a Palmer & Partners estate agents for sale board outside a house for sale in Colchester. Britain’s property market has shaken off the worst recession in three centuries, buoyed by a tax holiday on purchases. ─ Bloomberg

LONDON: The United Kingdom housing market picked up last month as inquiries, sales and new listings all climbed following an extension of a temporary tax break.

New buyer inquiries jumped the most since September, according to the Royal Institution of Chartered Surveyors.

That’s adding to demand that continues to outstrip supply, despite an increase in sellers bringing new properties to the market. The outlook for sales was the most upbeat since before the pandemic, and prices rose across all regions of the country.

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