Homes selling faster as demand outpaces supply

Property prices in the UK expected to be up by 2-3% by the end of the year

Properties for sale
Property prices in the UK expected to be up by 2-3% by the end of the year
(Image credit: Dan Kitwood/Getty Images)

The UK may be in recession but this isn’t affecting the housing market, which is performing at its strongest for five years, according to a new report.

Property portal Zoopla says demand continues to run ahead of supply, sustaining annual house price growth at +2.5%.

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Mike Starling is the former digital features editor at The Week. He started his career in 2001 in Gloucestershire as a sports reporter and sub-editor and has held various roles as a writer and editor at news, travel and B2B publications. He has spoken at a number of sports business conferences and also worked as a consultant creating sports travel content for tourism boards. International experience includes spells living and working in Dubai, UAE; Brisbane, Australia; and Beirut, Lebanon.