Strong demand for houses has driven price growth up 5.2% in the last year which is over four times more than the 1.1% growth for flats.
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Category Archives: House Prices
New properties on the market hit record asking prices up 2.1% this month as demand drives sales to the fastest ever pace.
The average time it takes to sell a home has reduced to 44 days thanks to high demand and much faster for the top ten locations.
First time buyers with small deposits are returning to the market as lenders bring back high loan to value mortgages since the pandemic.
Transactions bounced back strongly for first time buyers in the second half of 2020 despite a 10.0% rise in house prices.
Rapid start to the year as buyer demand increases 13% across all regions and new house prices highs despite the third lockdown.
Research from Halifax reveals the UK house price growth winners in 2020 is Islington in London with values 13.4% up last year.
Strong demand from affluent home movers has boosted the total value of sales agreed by 26% in 2020 compared to the previous year.
Rightmove has forecast average asking prices rising 4% across the UK in 2021 as people place housing ahead of economic uncertainty.
For the month of November a survey from Halifax showed 14% of households believe the value of their homes has increased.