During the month of July Over £37bn worth of property was sold in the UK, most of it residential real estate. This was despite the ongoing COVID-19 pandemic, which caused prices to decline in previous months.
In an interview, Eitan Eldar, CEO and founder of EEH Ventures, explained that “The big sales boom is most likely due to the exemption of tax on apartments up to £500,000 – which will be kept in place until March of next year”.