There is little sign of any significant lull in housing market activity as final restrictions ease. Demand from home buyers continues to exceed available homes to buy.
Across the UK, nearly 200,000 sales took place in June, the highest monthly total ever recorded (HMRC), with mortgage lending hitting an eyewatering £43.8 billion, over twice the monthly average of the five years from 2015 to 2019.
Rising above its pre-pandemic levels (GfK), consumer confidence buoyed by the final easing of many restrictions in all parts of the UK. UK inflation slowed to 2% in July 2021, but economists suspect this is a blip and the Bank of England forecasts that inflation will head towards 4% by the end of the year.
Search for space
What’s more, the search for space continues to drive many buying decisions. As businesses adopt more flexible ways of working, blended working patterns are set to become the norm for many, and personal wellbeing has shot up