Property boom busts

The summer property boom is fading as pent-up demand eases and the March stamp duty deadline looms. In June, the number of requests for valuations was 70% above the four-year average, according to Property Price Advice, a consumer website. By October, that had dropped by 63 percentage points. Separate analysis by data company Propcast shows that in 12 postcodes, the share of properties marketed for sale that were under offer or sold subject to contract dropped by 15 percentage points or more between September and November. In TA15, a stretch of rural Somerset around the village of Montacute, the share dropped most, by 30 percentage points.

The Daily Telegraph (28/11/2020)