Red-hot property market starts to cool as buyers priced out

21 June 2021

The Daily Telegraph 

The red-hot property market has started to cool, with buyers locked out by surging prices and a lack of homes for sale. 

Since the extension to the stamp duty holiday was announced in March, agents have reported properties selling within days of listing online. But as the deadline for the full tax break approaches at the end of this month the frenetic market has slowed.

The number of sales agreed by estate agents in May was 17pc higher than the same month in 2019, according to property website Rightmove. This was much lower than April's figure, when sales agreed were 45pc higher than two years prior. 

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