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‘Race for space’ fuelling busiest UK housing market since 2007
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This year’s property market is poised to become the busiest for 14 years, with one in 16 privately owned homes on course to change hands by the end of December, according to new data.
The property website Zoopla also said the annual rate of UK house price growth was running at 6.9% – up from 3.5% in the same month last year – and that the average cost of a home had risen by £15,500 over the past 12 months.
Zoopla said it was forecasting that 2021 would be the UK’s busiest year for the property market since 2007 in terms of property transactions as the pandemic prompted many households to re-evaluate their priorities and the government’s stamp duty holiday encouraged sales.
The website’s UK data for October comes days after official figures
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