What will change in the au­tumn?

The Daily Telegraph - Business - - Business -

‘There is a big cliff edge wait­ing in the Au­tumn. We know it is go­ing to come... but are wit­ness­ing a de­lay’

The hous­ing mar­ket out­look will be closely tied to Bri­tain’s eco­nomic re­cov­ery and em­ploy­ment lev­els, said Mr Don­nell.

Mort­gage hol­i­days and the fur­lough scheme have so far pro­vided an ef­fec­tive buf­fer be­tween in­di­vid­u­als and the eco­nomic down­turn, said CEBR.

When these schemes end in Oc­to­ber, the property mar­ket could U-turn.

Cur­rently, 9.4 mil­lion salaried work­ers and a fur­ther

2.7 mil­lion self­em­ployed work­ers have their wages sup­ported by the Govern­ment. Many ex­pect a spike in re­dun­dan­cies as the scheme ends.

The mort­gage hol­i­day up­take gives an in­di­ca­tor of how many people could also be­come forced sell­ers. At its peak, 1.9 mil­lion home­own­ers were on a re­pay­ment break – a

sixth of all

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