Tight market could drive prices higher still

There were signs that buyer demand would hold up well this year even before the government announced the extension to the stamp duty holiday in the Budget. Since then, Google searches for property portals have surged to a six-year high. A further strengthening in buyer demand when sales were already very high, and supply limited, suggests that house price inflation could accelerate further in the near-term.
Andrew Wishart Property Economist
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