Approximately one in eight (13%) of properties sold for more than the original asking price in August, the highest level recorded since November 2015, according to NAEA Propertymark’s August Housing Report.

The Chancellor, Rishi Sunak recognised the key part the housing sector would play in supporting the UK’s economic recovery and announced a temporary discount to England and Northern Ireland’s Stamp Duty Land Tax (SDLT) by increasing the tax threshold from £125k to £500k on a homebuyer’s main residence with immediate effect.