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.
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