It’s been a rollercoaster year – including for the property market!
Thanks Evening Standard for sharing my thoughts on the latest data:
According to Nationwide, house price growth rose to 7.3% in December, the highest rate in 6 years.
This will certainly feel like positive news for homeowners, despite negative news elsewhere, such as the ‘virulent new strain’ of Covid-19 that is keeping so much of the UK indoors.
Much of what happens in 2021 will depend on economic realities, policies such as Stamp Duty Land Tax, lending (notably, mortgage lending reached a 10 year peak in October) and behavioural shifts.
Until then, Happy New Year!