New mortgage affordability rules help UK housing market avoid summer lull
by Zoe Wood from World news | The Guardian on (#6YYRE)
Record number of homes for sale has created buyer's market' and kept price rises in check, Zoopla report says
The typical summer lull in Britain's housing market has been avoided amid the availability of bigger home loans fuelling a buyer's market", according to a property website.
Despite the signs of a bustling market, Zoopla said it had halved its house price forecast for 2025 as buyers were taking into account increased stamp duty costs in their offers in England and Northern Ireland.
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