House prices nudged upwards to end 2020 at an all-time high of £253,374 in December – but there are signs that the lockdown price boom is coming to an end. The mini-boom that arrived after the property freeze at the start of lockdown led house prices to climb 6 per cent last year, with the … Read more
House prices hit new record high in December says Halifax – but increase of just £131 suggests lockdown price boom could be coming to an end The average house price in the UK was £253,374 at the end of December 2020 It is the sixth consecutive monthly increase, as Covid prompts people to move However, … Read more
House price figures should be taken with a pinch of salt. The big name indices are based on a variety of different data sets, ranging from asking prices, to mortgages and actual transactions. Meanwhile, even the gold standard ONS / Land Registry’s sold prices report doesn’t capture what happens to the properties that don’t sell … Read more
House prices rose at the fastest pace for nearly six years last month, as the rush to beat the stamp duty holiday deadline continued to drive up the market. The average price of a home increased by 6.5 per cent to £229,721 in the year to November, according to Nationwide, adding almost £14,000 to the … Read more
House prices have leapt 7.5 per cent over the past year as the lockdown property mini-boom has driven the cost of the average home above £250,000, Britain’s biggest mortgage lender said today. Halifax said that property inflation had hit its highest level since the middle of 2016 on its long running house price index, with … Read more
House prices rocket 7.5% in a year to add £18,000 to the cost of the average home, says Halifax, but is the lockdown mini-boom already slowing? Average house price reaches a new record high of £250,457, on Halifax index Property inflation at 7.5% is the highest it has been since mid-2016 October saw a monthly … Read more
House prices jumped £4,500 in July as lockdown buyers hit the market but Nationwide warns of a ‘false dawn’ House prices bounced back in July, reports Britain’s biggest building society Nationwide said level of activity in the property market is better than expected But it warns ‘there is a risk this proves to be something … Read more
Property sales will slump more than previously expected and remain subdued into next year, estate agent Savills has warned, as it issued new house price forecasts. Savills said it expected UK house prices to fall by about 7.5 per cent this year across the UK, with property values recovering at different rates of growth. While … Read more
House prices are forecast to fall 7 per cent this year as a direct result of the coronavirus lockdown with much of the decline already having hit, a leading estate agent claims. Its forecast came as the Government revealed tonight that the property market can reopen immediately, with people able to move home and estate … Read more
What happens after you stop the property market? In an ironic twist for some house price watchers, who regularly deride its index as meaningless due to being based on asking prices, this week Rightmove declared its latest statistics on values, property coming to market and sales agreed were ‘not meaningful’. The pause button was pressed … Read more