The property market has continued the trend of positive recovery in June as lockdown measures began to ease, according to the latest data.
The research was compiled by NAEA Propertymark, which found that 10 per cent of properties sold for above the original asking price in June, which is the highest figure in more than four years (since February 2016).
In total, housing demand has increased by 24 per cent year-on-year, with the number of house hunters registered per estate agent branch increasing by 10 per cent.
The news follows recent figures from Zoopla, which indicate that the demand for new-build properties has soared since the property market re-opened in May.
The demand for new houses has increased by 66 per cent, with figures now higher than those recorded before the lockdown measures were in place in March, while the number of requested viewings also hit record levels during lockdown as the market recovers from the coronavirus pandemic.
Mark Hayward, Chief Executive at NAEA Propertymark, said: “It’s positive to see the market continuing to boom after the Government re-opened the property market in May.
“Usually, we’d expect to see a lull in activity during the summer months; however, with estate agents following new social distancing protocols and both demand and sales soaring, it seems we’re in for a busy summer.”
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