The UK housing market has seen a surge of activity in July and August, with most homes finding buyers after a mere 27 days of being put up for sale (12 days quicker than this time last year). Despite this surge however, some see some see this new activity as part of an incomplete recovery amidst a wider general recession.

Indicators like house price rises in August and the average homeowner’s buying power give grounds for optimism. Asked why the housing market appears so strong during a recession, Zoopla’s research director Richard Donnell notes that “[With] half of all homeowners having no mortgage and a large part of the remainder having significant equity in their property, there’s a lot of flexibility for people to move.” But doubts remain about the resilience of the market over the coming months as government support schemes stop and unemployment rises.

The UK housing market has seen a surge of activity in July and August, with most homes finding buyers after a mere 27 days of being put up for sale (12 days quicker than this time last year). Despite this surge however, some see some see this new activity as part of an incomplete recovery amidst a wider general recession.

Indicators like house price rises in August and the average homeowner’s buying power give grounds for optimism. Asked why the housing market appears so strong during a recession, Zoopla’s research director Richard Donnell notes that “[With] half of all homeowners having no mortgage and a large part of the remainder having significant equity in their property, there’s a lot of flexibility for people to move.” But doubts remain about the resilience of the market over the coming months as government support schemes stop and unemployment rises.