Summer surge in prices subsides

Housing market activity is booming as pent up demand from the first lockdown is expended and buyers rush to take advantage of the stamp duty cut. There are some tentative signs, though, that the surge in house prices over the summer is starting to subside. And with employment likely to fall further, and the stamp duty cut and the furlough scheme set to end early next year, there is a growing possibility that house prices reverse their 2020 gains in 2021.