
Housing Market Recovery Stronger Than Expected
Stamp Duty Holiday Introduced Too Soon?
Transaction & Housing Supply Scenarios
The housing market may have been all but extinguished from mid-March to mid-May but it’s now running hotter than a typical British summer and the government has thrown on more fuel in the form of a stamp duty holiday to keep the fire ablaze. What remains uncertain and concerning is what happens when the backlog of activity delayed by lockdown fades and the full effect of massive shocks from Covid-19 and Brexit feed through. This note looks at the limited evidence so far, questions whether the government have gone too early with their stamp duty holiday, and presents our illustrative scenarios for transactions and housing supply.
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