UK house sales surged in September at the fastest rate since the post-lockdown rebound, driven by lower mortgage rates and increased demand, according to Zoopla data. Mortgage rates at their lowest in over a year are supporting double-digit growth in sales market activity, with mortgage approvals reaching a two-year high in August. Speculation over possible tax changes in the Budget is leading to a 16% annual increase in new properties coming to the market, particularly in coastal and rural areas.
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