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UK market sees highest number of properties sold in 16 years


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The number of homes sold in the UK hit a record high in March as buyers and sellers attempted to complete deals before the end of the stamp duty holiday; https://www.theguardian.com/business/2021/apr/21/uk-property-sales-at-16-year-high-as-house-prices-soar

Despite all the fear and uncertainty caused by the pandemic last year, we're seeing more and more news that shows the resilience of the UK property market. "About 180,690 transactions were recorded during the month, according to official figures from HMRC, double the total in March 2020 and the highest number since it started publishing the data in this way in 2005."

Unsurprisingly, the fever pitch and high demand for houses has also sent house prices higher as well. Separate data from the Office for National Statistics shows that the UK average house price rose by 8.6% over the year to February.

I know from personal experience, demand is massively outweighing supply at the moment. I'm intrigued to see how this pans out in the next few years!

Mark Rocks
Community Builder and Content Writer

www.propertyhub.net

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