UK Homes for Sale Hit 7-Year High as Market Gains Momentum
- Sellers are more confident about finding buyers, Zoopla says
- Demand boosted by falling mortgage costs, improved outlook
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The number of UK properties up for sale has hit its highest level in seven years and buyer demand is rising as a recovering economy boosts consumer confidence, according to Zoopla.
The property website said each estate agent had an average of 33 properties on their books in the four weeks to Aug. 18, up 14% from a year earlier. It predicted that growing supply will lift sales this year, in a boon for realtors, but also keep prices in check — good news for those struggling to get onto the housing ladder.