UK property could cool sharply from six-year high, say lenders

Most bullish forecast for 2021 is 4% rise as stamp duty holiday and Covid furlough scheme end

The UK property market could cool rapidly in 2021, according to forecasters, as the stamp duty holiday ends and unemployment rises.

House prices rose to a six-year high at the end of 2020, according to Nationwide building society, rising 7.3% on the year, but the mortgage lender expected the market to slow “sharply” over the next few months.

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