2021 looks set to be the bounce back year for the PCL market
By Alpa Bhakta, CEO of Butterfield Mortgages Limited – It goes without saying that 2020 was an unprecedented year for the UK property market. The Covid-19 pandemic and the ensuing lockdowns meant that the entire real estate sector was effectively frozen for months, with transactional activity stalling as a result. But then, tax incentives introduced by the UK Government facilitated the fastest rise in residential house prices since 2015. Needless to say, it’s been a tumultuous year.