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‘Frenzied buyer activity’ drives UK house prices to new high

Property site Rightmove says it expects official figures to show June was busiest month ever for sales

Months of “frenzied buyer activity” have driven the average asking price for a home in Britain to a new high, according to the property website Rightmove.

The property portal said it expected figures from HMRC due later this week to show that June was the busiest month on record for sales, with buyers rushing to complete before stamp duty rules change in parts of the United Kingdom.

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