Housing Market Boom Loses Steam

The boom in Britain’s housing market cooled sharply in January as the country went back into coronavirus lockdown and a tax break for buyers neared its expiry. House price growth slowed more than expected by economists polled by Reuters and prices in London fell for the first time since July. A measure of properties hitting the market was the second-weakest on record, excluding a slump during the first lockdown last year when the sector was closed along with much of the rest of the economy. Near-term sales expectations were close to a pre-pandemic record low. New buyer enquires and agreed sales also fell. Read more on the Reuters website.

https://www.reuters.com/article/uk-britain-economy-houseprices/uk-housing-market-boom-loses-steam-rics-idUSKBN2AB00O