- Government stimulus has been a major driving force behind the boom in activity
- To some, the UK mortgage market is having a goldilocks moment
That UK house prices are rising at the fastest rate in almost six years as the UK faces the worst recession in more than 300, is a contradiction that few would have predicted during the depths of the spring lockdown. For home buyers, sellers and investors in publicly listed housebuilders, the outlook for the country’s housing market is arguably more uncertain than it has been in more than a decade.
Government stimulus has been a major driving force behind the boom in activity, with the temporary raising of the stamp duty threshold attracting buyers to the market with the promise of up-front cash savings. Almost half of home buyers said the stamp duty break was the most attractive incentive in moving, according to a recent survey by Barratt Homes and research partner GoodMore Global.