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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

‘We’ve been inundated’: UK housing market frenzy shows no signs of slowing

Estate agents signs advertising a residential property as sold stands in London
Estate agents say many properties get snapped up within a week or two. Photograph: Bloomberg/Getty Images

It took less than a week to sell a two-bedroom garden flat in north London, with a guide price of £950,000. Featuring a large patio, garden, oak floorboards and underfloor heating, it is in a mixed area on the outskirts of Islington and Camden.

“We’ve been inundated with people wanting to see it,” says Andrew Groocock, a regional partner at the estate agents Knight Frank, which helped organise 23 viewings. “It ticks the boxes of exactly what’s hot in the market at the moment. It’s still an incredibly buoyant market. The last two years have been remarkable.”

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