UK house sales see a 1% monthly increase in July, reflecting a 4% rise from the same period in 2020.

UK house sales increased by 1% in July compared to June, with 95,580 properties sold, marking a 4% increase from July 2020. This recovery follows a decline after changes to the stamp duty threshold. Property experts attribute the market's resilience to stable mortgage rates and less stringent affordability requirements, predicting a 5% rise in sales for 2021 to 1.15 million, the highest since 2022.