Zoopla: UK property sales hit four-year high but will Budget dampen demand?

Confidence has returned to the property market but Zoopla warns that stamp duty changes could derail the recovery

Person looking at estate agency window
(Image credit: Getty Images/Alex Segre)

Rising wages and falling mortgage rates have helped push property market sales activity to a four-year high, Zoopla data suggests.

The latest Zoopla House Price Index for October shows the property market appears to be benefiting from lower inflation and cuts in mortgage pricing since interest rates were reduced by the Bank of England in August.

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Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.