‘Surprisingly resilient’ property market as supply returns to pre-pandemic levels – Rightmove

Net borrowing of mortgage debt by individuals increased to £7.4bn in May from £4.2bn in April, according to the Bank of England's Money & Credit data. This is above the pre-pandemic average of £4.

Property portal expects the average UK asking price to end 2022 some 7% higher than it started the year.

Buyers are attempting to secure last-minute discounts on around 50% of house sales, suggests Osbornes Law – a practice that “has been unheard of in recent years.”