Deal numbers hold up despite low stock
Estate agents agreed an average of nine sales per branch in April, says Propertymark - roughly in line with the long-term average, despite a continued shortage of homes available to buy.
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41% of agents report the average property deal now takes more than four months to complete
Propertymark's July market snapshot tells of slowing buyer demand, as deals taking significantly longer to complete than in pre-pandemic times.
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HMRC recorded 55% fewer residential property sales in June this year compared to last; it's the slowest June in nine years.
Knight Frank raises property price forecasts as supply stays low
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