‘Covid-era [house-buying] activity set to eclipse everything since the credit crunch’ – UK Finance
“The combined boost to [property market] demand from stimulus measures and societal changes has more than offset any dampening effects from Covid-19 and wider adverse economic factors," says banking trade body UK Finance.
‘After defying gravity for much of the pandemic, house prices appear to be finally set for their return to earth’ – Knight Frank
“It feels like we are at a crossroads,” says KF's James Cleland, as the number of new sales instruction picks up.
Stock shortage thwarts home-buying activity
Surveyors reported a small dip in sales volumes despite rising buyer enquiries in October, as house-hunters struggled to find suitable homes to buy.
Estate agents report drop in buyer demand, but house prices continue to climb – RICS
Property prices may prove "resilient" in the face of rising interest rates and costs of living, but transaction numbers are "likely to slow as the year wears on," warn surveyors.
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