COVID stamp duty holiday reveals big problems in the housing market
- Written by Michael Ball, Professor of Urban and Property Economics, Henley Business School, University of Reading
The UK housing market has been affected by the pandemic, but in ways that were not anticipated at the outset. Initially, forecasters thought that the sharp reduction in economic activity could lead to a housing market crash. That didn’t happen. Parts of the market have instead been buoyant while others languish. Forecasting is tricky, but...