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Homebuyers and sellers ‘need to realise that prices have turned’

Homebuyers and sellers ‘need to realise that prices have turned’

The trajectory of the UK property market this year is only becoming clearer gradually as it shakes off a heavier-than-expected hangover from Covid, according to Knight Frank.

The estate agency says that the UK housing market has still not snapped back to normal since Covid restrictions were lifted.

‘Lower for longer’ is a term used by some analysts o describe how interest rates have remained close to zero for more time than expected. For Covid-19, the equivalent expression would be ‘linger for longer’.

Read the full article on Property Industry Eye | FEBRUARY 14, 2022 | MARC DA SILVA

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