Newmarket tops supply shortage hotspots as home sales surge by 79%

Before the pandemic, only around one in 20 Chinese and Hong Kong home-buyers used to look for a home in England's Home Counties; now it's nearer one in five, according to a new study.

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

“It feels remarkably similar to the period that followed the EU referendum,” says Knight Frank's Head of London Residential Research, Tom Bill. "It will take a while for the market to find its feet.