British property website Rightmove said a mini housing market boom was gathering pace after a tax cut by finance minister Rishi Sunak.
FILE PHOTO: Property sale signs are seen outside of a group of newly built houses in west London, Britain, November 23, 2017. REUTERS/Toby Melville/File Photo
A recovery had already been under way with agreed sales in England up by 15% in June, it said on Monday. Rightmove said prices sought by home sellers between June 7 and July 11 rose by an annual 3.7% to hit a record high average of 312,625 pounds. Prices were 2.4% higher than before the coronavirus lockdown began in March.
Mortgage lenders Nationwide and Halifax have reported falls in house prices and mortgage approvals slumped to the lowest on record in May, according to Bank of England data.
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