The stamp duty holiday last year produced bumper demand from home movers now down a third but still above pre pandemic levels.
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Category Archives: House Prices
Asking house prices rise for the sixth record in a row to £369,968 as demand to buy continues although at a slowing rate.
A typical home is 7.1 times average earnings which have risen 2.7% compared to house prices up 16.8% since the start of the pandemic.
In the UK asking house prices have risen to record levels and are £55,000 higher over the last two years before the pandemic started.
London house prices have increased the most over the last 10 years with a significant rise in equity for homeowners.
Homes on the coast attract a premium and house prices are up 8% on the previous year as buyers seek to improve their quality of life.
The average value of detached homes has increased at twice the rate of smaller properties to £425,000 with a surge in buyer demand.
Strong bounce back in demand this year up 50% on usual levels as buyers search for more space in cities and suburbs as offices reopen.
Towns with the highest house price growth in 2021 have seen values rise as much as 21.8%, three times higher than the national average.
You need to pay almost £29 million to live on the UK’s most expensive street and all the top ten are located in London.