Those searching for a V-shaped recovery need look no further than the UK housing market, says Thomas Pugh of Capital Economics. Nationwide’s House Price Index shows that house prices rose 5% in the year to September, the biggest gain in four years. The Bank of England reports that mortgage approvals in August hit 85,000, the highest level since 2007.
Covid-19 has made many rethink their living arrangements, says Jessica Beard in The Daily Telegraph. A Nationwide survey reports that “one in ten movers” are motivated by the pandemic. “A further 18% are considering moving for the same reason”.
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