Average time to sell a home reaches a three-year high

Net mortgage borrowing reached an all-time high of £17.9 billion in June, according to the Bank of England - smashing the previous record, set in March 2021, of £11.5bn.

There are 16 buyers for every available property on the market, according to Propertymark.

Three regions have seen asking prices climb by more than 10% in the last year-or-so, says Rightmove, while Greater London has seen prices flatline.