The annual FT Weekend Festival went virtual this you and I joined Aneisha Beveridge, Hamptons research director, Nathan Brooker, FT House & Home deputy editor to discuss the strange 2020 housing market and what the future might hold. One of the most popular sessions of the three day event I’m told was referred by James Pickford, FT Money deputy editor.
Writing in the paper this week James has brought together much of what was said and given some helpful context to the points we made asking “Is now a good time to buy a home?”. Talking about the much-trumpeted Stamp Duty Holiday I explained “In reality, people will use the £15,000 to compete with each other to buy the property that is in short supply, As a result, prices will go up for the period of the holiday, and when it finishes presumably prices will fall back down again.” The OBR has suggested that the wheeze will push up house prices by 0.5%.
Once you have registered you can watch the session here.