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Consumer confidence in housing market rising – 1st April 2021

Consumer confidence in the housing market has risen after the March Budget, according to a survey from the Building Societies Association (BSA). A March survey of more than 2,150 adults conducted after the Budget found 37 per cent agreed it was a good time to buy a property, compared with 27 per cent in December.

Ashley Thomas, director of London-based mortgage broker, Magni Finance, said: “With the stamp duty holiday extension, we have seen even more confidence in the property market.

“Although there is a risk of rising unemployment, there has been an opportunity to save significant sums of money in stamp duty since last summer and people continue to capitalise on that for now.

“Looking forward we’re relatively positive about the outlook as the national lockdowns are now easing and the successful vaccine programme has injected confidence into the market.

“Even when the stamp duty holiday is over, we expect people to continue to move as their living requirements have changed since Covid-19.”

Click here to read the full story.

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