RE: Robust performance29 Oct 2020 15:45
G13,
With a view to keeping debate balanced :-
"But is the housing market boom likely to last? Two factors behind it are temporary in nature: the release of pent-up demand after lockdown restrictions on the sector were eased in May, and the government’s move in July to introduce a stamp duty holiday, with home buyers paying no tax on the first £500,000 of any transaction in England and Northern Ireland.
Buyers, particularly the wealthy, have returned faster than expected to the market, but some experts think the boom is set to peter out.
The Centre for Economics and Business Research, a consultancy, predicts a 14 per cent fall in average house prices next year, saying the market is being artificially buoyed by the stamp duty holiday.
“Throughout August, the UK housing market defied gravity yet again, with unofficial measures putting average prices at record highs,” said the CEBR. “This is at odds with the wider economic turmoil.”
https://www.ft.com/content/16f82139-8fe2-49a8-93a0-27004489bb6b
Naturally , some folk will always maintain it won't affect lloy .