In our latest Household Finance Review we look at the trends in consumer borrowing and spending in Q1 2021. Despite entering a second national lockdown at the time, we have seen a mood of increasing optimism gathering pace with the early successes of the vaccination programme and the announced gradual easing of social distancing restrictions. This optimism has been reflected in many sectors of the economy, but the housing market is perhaps one of the most prominent.
Ever since the housing market was reopened last summer following the first lockdown, we have seen a remarkable recovery in demand. Some level of immediate bounce back was fully expected as many purchases which were put on hold during lockdown could now complete. However, the strength and longevity of the recovery has surpassed expectations, helped in part by the stamp duty holiday.
Click here to read the full article.