In the property market there is currently a huge shortage of properties available for sale, and house prices are higher than ever, which has led to demand outstripping supply.
At the moment housing market demand is up 28.6%, however available properties to buy are down 20.8% (year to date vs 2020).
Nearly 120,000 transactions completed in April 2021, which was 21% higher than the April 2014 to 2019 average. Whilst nearly 90,000 mortgages were approved in April, which is a huge 30% higher than the April 2014 to 2019 average.
General
Over 265,000 first-time buyers in England and Wales have benefited from the government Help-to-Buy Equity Loan schemes since they were first introduced back in April 2014 and January 2014.
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