According to a report by real estate agency Zoopla, as mortgage transactions attracted buyers and sellers were forced to cut prices as the number of properties in the market increased, UK residential sales experienced the best performance in May since the boom period triggered by the 2021 pandemic. According to data from Zoopla, house sales increased 6% in May, with an average price of £268,250, up 1.6% from the same period last year. However, according to the agency, on average, the price that sellers accept is about 3% lower than the asking price.

According to a report by real estate agency Zoopla, as mortgage transactions attracted buyers and sellers were forced to cut prices as the number of properties in the market increased, UK residential sales experienced the best performance in May since the boom period triggered by the 2021 pandemic. According to data from Zoopla, house sales increased 6% in May, with an average price of £268,250, up 1.6% from the same period last year. However, according to the agency, on average, the price that sellers accept is about 3% lower than the asking price.