Average asking prices reach another record high

Agreed sales of detached 4+ bedroom houses more than doubled from August 2019 to August 2020 (+104%), reports Rightmove. Sales of other three- or four-bedroom homes were up by 55%.

House prices are being inflated by "frenzied" buying activity and a continued shortage of properties being listed for sale. There's a 225,000 shortfall of homes for sale, estimates Rightmove;

"Current activity levels clearly show that Britain is getting moving again," says Rightmove, with the Stamp Duty holiday serving to “amplify the buyer surge”.