The coronavirus crisis is changing the dynamic in the UK housing market, researchers suggest.
Getty Images
But the squeeze on mortgage lending and increased interest from movers will change the dynamic this year and next.First-time buyers in Scotland at 'seven-year-low' First-time buyers, in contrast, have seen their options squeezed as lenders tighten their criteria for granting a mortgage - demanding larger deposits and guarantees of secure employment.
In August, agreed sales of homes with two bedrooms or fewer, excluding central London, were up 36% compared with the same month last year, according to property portal Rightmove.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Share of UK homes bought by first-time buyers expected to dropZoopla report suggests first fall in five years as Covid crisis sees lenders pull low-deposit mortgages
Read more »
COVID-19 curfew land: Where chicken wings result in a police warningEmpty towns mean people are less likely to come into contact with COVID-19 but the price is the death of the night-time economy.
Read more »
‘It’s not what was promised’: shoppers divided on mystery fashion boxesA company’s charity scheme in the Covid crisis delighted some buyers, while others feel let down
Read more »
Waitrose mocked for selling £6 'autumn foliage' as leaves are free outsideWaitrose has come under fire from customers after they pointed out a major flaw with one of the seasonal products available to buy in the supermarket
Read more »
Princess Beatrice talks about secret wedding for the first timeRoyal married Edoardo Mapelli Mozzi in July 2020
Read more »
Labour ahead of Tories in polls for first time since Johnson became PMMost voters believe Sir Keir Starmer is ready to be prime minister, survey finds
Read more »