How interest rate cuts will help revive our flagging housing market
The spring housing market is traditionally a hive of activity, with homes flanked by gardens of tulips and daffodils flying off estate agents' shelves like hotcakes.
However, this spring has been a season of two drastically contrasting halves. After a frenetic start in March, where buyers set new records for deals done and mortgages taken out, it all went very quiet in April and sellers have been left pleading for attention ever since.
In early spring, before the cheaper rate of stamp duty expired on March 31, there was a flurry of activity, as buyers — particularly first-timers — desperately struggled to get over the line with their purchases to make tax savings averaging £6,000 in London and the southeast.
As a result of this
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