【Bloomberg】U.K. Housebuilder Sees Market Rally Fading When Stimulus Ends

The rebound in the U.K. housing market is set to slow next year when support measures including a sales tax break expire, according to builder Redrow Plc.

The tax relief, part of a government plan to kick-start the economy, has succeeded in stimulating the market, and the challenge now is to ensure that this recovery can be sustained, according to Redrow Executive Chairman John Tutte. House prices rose in August by the most in 16 years, driven by the tax break that expires in March and demand that built up during lockdown, according to Nationwide Building Society.

READ MORE