In July 2020 more than £37bn worth of property sales were agreed – the busiest month for home buying for 10 years, according to property portal Rightmove.

UK's £37bn July house sales at highest level in last 10 years Following a suspension of the housing market during the coronavirus lockdown sales have soared, however, at the same time the UK is said to be plunging into a recession.

The chancellor also cut stamp duty in July, in an effort to encourage more people to get on the housing ladder.

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