Monday, 21 September 2020

Pent-Up Demand After Covid Lockdown Fuels UK House Sales Surge

 More homes in Britain are selling within a week of being put on the market than at any time over the past 10 years, according to data from the property listing website Rightmove. Pent-up demand for moves after lockdown and a stamp duty holiday on some homes have fuelled the property market over the summer – traditionally a quiet time for sales – with activity and prices both reaching new highs. Rightmove’s analysis of more than 225,000 homes sold between 8 July, when stamp duty was cut in England and Northern Ireland, and 31 August revealed a surge in deals being agreed within a week. Read more on the Guardian website.

https://www.theguardian.com/business/2020/sep/04/pent-up-demand-after-covid-lockdown-fuels-uk-house-sales-surge

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