Britain’s fragile property boom
Activity has bounced back but borrowing is getting harder
IT TAKES MORE than a global pandemic and the biggest collapse in GDP since the 18th century to slow the British housing market—or at least that is what the latest data from online estate agents suggest. According to Rightmove, the average asking price is now 2.4% above where it was when the lockdown began and buyer inquiries are up by 75% year on year.
This article appeared in the Britain section of the print edition under the headline “A fragile boom”
Britain July 25th 2020
From the July 25th 2020 edition
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