Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Business
Simon Hunt

Property demand remains high but prices set to cool, says OnTheMarket chief

The housing market could be set for a fresh burst of activity after the nil rate stamp duty band was doubled from £125,000 to £250,000 (Andrew Matthews/PA)

(Picture: PA Wire)

Property portal OnTheMarket said demand for homes remained strong but warned prices could fall as cost of living pressures and mortgage rate rises stifled buying power.

OnTheMarket boss Jason Tebb told the Standard: “Six months ago there was a clear supply and demand market at play with hundreds of people looking at one property, but now there’s a surge of properties coming into the market.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.