Record number of UK homes bought in June

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The UK has hit a record number of homes sold in June.

New figures from the HMRC found 213,120 sales registered – the busiest month in the housing market since April 2005. It was the ending of the stamp duty holiday that led to a flurry of activity.

“Much of last month’s rise is due to the last-minute scramble to make the most of the stamp duty holiday, but the holiday hasn’t fully wound down yet and we could still see a boom in areas with housing priced under £250,000,” said Iain McKenzie, the chief executive of the Guild of Property Professionals.

“Demand for houses still exceeds supply by a huge margin, with our estate agent members seeing some of the fewest properties available per branch in living memory.

“With such a scarcity of housing stock, and the continuing lower level of stamp duty holiday, there is no sign of prices slowing down any time soon.”

There was a large demand of larger housing with gardens to enjoys space during lockdown.