The housing market is facing an acute shortage of homes for sale after record transactions to beat the end of the stamp duty holiday used up the stock.
Zoopla, the property portal, said that Britain was in the midst of its “greatest stock shortage since 2015” as the number of properties for sale in June dropped by 26.4 per cent compared with the 2020 average.
With buyer demand firm at 20.5 per cent above the 2020 average and “supply shortages expected to run until 2022”, house price growth is forecast to remain strong.
“The headline rate of house price growth is running at 6 per cent year-on-year and this is expected to moderate to between 4 per cent and 5 per cent by the end
