UK house sales double to almost £150bn in 2021

Almost £150bn-worth of home sales took place across the UK in the first 15 weeks of this year, according to a property website, nearly double the value of homes sold subject to contract in the same period in 2020 and 2019.

Zoopla’s research also found that strong activity is eroding the supply of homes available.

It added that the total number of homes on the market and not yet under offer was around 30% down in early April compared with average levels during more “normal” times between 2017 and 2019.

Three and four-bedroom houses have recorded the biggest annual drop in supply - reflective of buyer demand for more space and an overall trend in homeowner appetites to upsize.

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