A spring surge in house sales and property prices has been recorded amid government schemes aimed at supporting housing market.
Data from HMRC shows that UK property transactions in March hit the highest monthly level since 2005 – the many lockdowns that have occurred as a result of the Coronavirus Pandemic has seen many homeowners reconsidering where they want to live. Figures from HMRC show that there were over 180,600 property sales in March – more than double the number in March 2020 and 50% higher than February demonstrating a spring surge in the UK property market.
Data from the Office for National Statistics (ONS) shows average UK house prices rose 8.6% in a year.
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