Thursday, April 25, 2024
HomeInsurance & Mortgages NewsUK housing market showing signs of recovery

UK housing market showing signs of recovery

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LONDON (CU)_During the first half of this year, the number of homes which changed hands in the United Kingdom surged to the highest level on record, exceeding 213,000 in sales according to HM Revenue and Customs. This sudden boom in activity was attributable to the stamp duty holiday introduced by the government amid the pandemic, along with ultra-low interest rates, which encouraged a significant number of people to bring their property purchases forward. 

Although house prices in the European nation have also grown at a significant rate, unlike in Australia, British regulators may…

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