Fair Rents (Scotland) Bill or Artificial state manipulation of free market rent?10:34 AM, 6th November 2020
About 4 weeks ago 36
Around 19 homes worth £1 million or more were sold every day for the first six months of the year, according to Lloyds TSB.
A total of 3,375 £1million pound property sales were sold – the most since the 3,680 sold in 2007 and 10% higher than the 3,075 sold in the first half of last year.
Lloyds TSB housing economist Suren Thiru said: “The number of homes sold for at least a £1 million has increased significantly over the past year in marked contrast to the rather more subdued picture across the rest of the housing market.
“Strong demand from wealthy cash rich buyers both in the UK and from overseas, as well as limited supply of such properties, has helped to boost the level of activity at the very top end of the housing market.”
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