Demand for properties consistently outpaces supply, due to a lack of new homes being built in Britain

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Apparently more homes are expected to be sold this year than in any other year since 2007. The estate agent Hamptons, which made the claim, forecasts that 1.5 million homes will have been sold across Britain by the end of the year.

This will come as a shock to anyone who is currently house hunting – as there appears to be a severe shortage of houses for sale at the moment.

Demand for properties consistently outpaces supply, due to a lack of new homes being built in Britain. But the temporary stamp duty reduction, introduced to boost confidence in the housing market during the coronavirus pandemic, seems to have distorted the market further.

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I read an interesting statistic this week. Apparently more homes are expected to be sold this year than in any other year since 2007. The estate agent Hamptons, which made the claim, forecasts that 1.5 million homes will have been sold across Britain by the end of the year.

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