U.K. Housing Market Activity Jumps After Tax Incentive Extended

April 7, 2021, 11:00 PM

The U.K. housing market picked up last month as inquiries, sales and new listings all climbed following an extension of a temporary tax break.

New buyer inquiries jumped the most since September, according to the Royal Institution of Chartered Surveyors. That’s adding to demand that continues to outstrip supply, despite an increase in sellers bringing new properties to the market. The outlook for sales was the most upbeat since before the pandemic, and prices rose across all regions of the country.

Britain’s property market shook off the worst recession in three centuries, buoyed by a tax holiday on purchases that...

To read the full article log in. To learn more about a subscription click here.