Ask a housing market expert anything as house prices skyrocket during pandemic Business News

AHome prices across Britain hit an all-time high for the third consecutive month in June, the latest sign that the housing market is booming.

Despite the economic turmoil caused by the pandemic, which has caused hundreds of thousands of job losses, house prices have risen in all parts of the country.

This may be good news for those who own their own home, and even better for homeowners who have a portfolio of multiple properties, but it means a bigger challenge for everyone else.

The situation also raises questions about the sustainability of an increase in house prices faster than wages.

Billions of pounds in tax relief helped fuel demand with a holiday on the stamp, with the law encouraging many buyers to take a step.

At the same time, households that still worked during the pandemic spent less money, saving them for bail.

Experts have suggested that the latest data points to some early signs that the housing market could cool, but that many uncertainties remain.

We have an expert on hand to answer all of the many questions you might have about the housing market.

Whether that is, where could the prices go next? ; Is Now a Good Time to Buy ?; Should we wait ?; What impact can the different public devices available have on the market and how can first-time buyers benefit from them? Whatever you want to know about buying, selling or owning a UK home, our expert will do their best to answer you.

Submit any questions you want about the real estate market and Tim Bannister, Director of Real Estate Data at Rightmove, will answer as many questions as he can.

All you need to do is register to submit your question by 9am on Thursday June 24 in the comments below.

If you are not already a member, click on “subscribe” in the comments area to leave your question.