UK property market could cool rapidly in 2021, say forecasters

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End of stamp duty holiday and Covid job furlough scheme expected to reverse price rises

The property market could cool rapidly in 2021, according to forecasters, as the stamp duty holiday ends and unemployment rises.

Mortgage lender Halifax is expecting a fall in house prices of between 2% and 5% next year, after a 7.6% rise over the past 12 months fuelled partly by a post-lockdown surge in sales.

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from The Guardian https://ift.tt/3mUE73v

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