Housing market sees post-Budget spike in demand

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Chancellor’s stamp duty extension boosted interest among first-time buyers, says Zoopla

Budget measures designed to boost the housing market caused the number of buyers searching for property to rise by 24% in the days following the announcement, according to property website Zoopla.

In its latest monthly housing market update, Zoopla, said the demand for homes was now 13% higher in the year to date than a year ago, while supply remained “deeply constrained”. This dynamic is likely to push up prices.

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