Get ready for a property boom! The number of houses being bought and sold is set to rise to its highest level in 15 years, according to property experts Moverly.

And with more buyers chasing after homes, it’s fantastic news if you’re thinking of selling, as prices look set to climb even higher.

A decade of growth

So far this decade, 5.3 million homes have been sold across the UK. That’s around 1.86 million sales each year – a jump of 7.5% compared to the previous decade.

And things are only looking up. The Bank of England is expected to slash interest rates in the coming months, making it cheaper for people to borrow money for a mortgage.

“Heading in the right direction”

Gemma Young, the boss of Moverly, said: “The property market has been through a lot recently, with higher interest rates causing uncertainty. But we’ve weathered the storm and things are definitely looking up.

“We’re on track for a really strong decade in terms of house sales, which is great news for anyone working in the property industry.”

Bouncing back

This positive news comes after a difficult period for the housing market. After the 2008 financial crisis, the number of homes sold plummeted to an average of just 1.1 million per year throughout the 2010s. This was a significant drop of 22% compared to the previous decade.

But now, with the economy back on track and interest rates set to fall, the future of the property market looks brighter than ever.