Housing market faces more extreme pressure in spring

The end of the stamp duty break is expected to coincide with the unemployment rate hitting its peak.

The 31 March could mark the start of a major downturn in the UK housing market or a slight easing in the frenzy of activity that greeted last year’s stamp duty break. Either way, if market prospects were at their most uncertain in more than a decade during 2020, this year we should gain a clearer idea of just how far the market is likely to fall from the highs in transaction volumes and prices experienced in the wake of government stimulus measures. 

By Emma Powell, please read the full article on Investor’s Chronicle.

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