Britain has recently faced some of its biggest challenges in half a century, and now booming transactions and prices might indicate the approach of a dangerous property bubble. Although the economy is facing recession, a post-lockdown burst of activity and government support is fuelling the market. But what will it look like next year? Will this ‘bubble’ burst?
While the market has seen a resurgence recently, it faces a tricky time in the new year. We need to look out for potential economic impact from Brexit, along with base rate changes from the Bank of England. Of course, this year saw two cuts to the rate, a seven-week market shutdown of the property market and a cut stamp duty. The next four months could be an exciting time to sell,…
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BN1 (Digital) - 1 Issue, Winter 2020-21