Value of UK house sales to jump 46 per cent this year but London lags behind
The total value of houses sold in the UK is set to reach £461bn this year, a 46 per cent jump on 2020, according to new data.
Property website Zoopla predicts that the current housing market boom is likely to surge to its busiest rate for 14 years.
The forecast comes after data last week showed that UK house prices rose by 10.2 per cent in March, its highest growth rate since August 2007, before the financial crisis hit.
The unprecedented growth has been fuelled by an extension to the stamp duty holiday and new government guarantees for mortgages.
Zoopla said that it expects house sales to reach 1.52m this year, which would put 2021 in the top 10 busiest years since 1959.