Property  

Annual house price growth hits double digits

Crookes said with prices now 10 per cent higher, the dream of home ownership was “even further out of reach” for many. 

“We expect the strength of the property market to continue for the next few months at least, as a result of the extended stamp duty holiday and income support measures still available from the government,” she added.

“Once the stamp duty holiday begins tapering in June, along with the furlough scheme, we could see some of the momentum in the market begin to unwind.”

sonia.rach@ft.com

What do you think about the issues raised by this story? Email us on FTAletters@ft.com to let us know