Likely rise in mortgage rates in the medium term fails to worry agents as market continue to motor despite rise of Omicron virus variant.
Read MoreBREAKING: Mortgage lending hits highest level ever recorded
Bank of England says homeowners borrowed nearly £12 billion via mortgages during March, up from £6.2 billion the month before.
Read MoreBank of England gives housing market ‘clean bill of health’ after a year of Covid
Bank's national network of agents reports faltering economy in recent months but housing market that has continued regardless.
Read MoreProperty industry booming as other sectors wilt, reveals Bank of England
Estate agency and new homes are among the few areas of the economy untroubled by the Covid lockdown and social distancing, says Bank of England.
Read MoreCan the property sales ‘surge’ be sustained when furlough ends, asks Bank of England
Quarterly report from the bank covering April, May and June says many agents are worried that current mini-boom may not continue.
Read MoreAre estate agencies being complacent about effect of Coronavirus on their businesses?
Claim is made to Bank of England which says agents and developers also report sales coming to a halt as buyers and sellers get the message on 'contagion'.
Read MoreBank of England cuts interest rate to 0.25%
The rate cut of half a percentage point by the Bank of England as a monetary stimulus has been welcomed by property experts.
Read MoreBank of England reveals difficult three months for property market
The industry will be hoping that the latest report by the bank's agents around the country will be the last of its kind for a while ahead of a post-election bounce.
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