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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 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
Property experts have warned prospective home buyers to start their search by the end of the month latest to avoid missing out on a saving from the stamp duty holiday. Financial giant L&G said purchases can take three to five months to complete, but with asking prices hitting a record high as people clamour to … Read more
Britain’s house buyers have seemingly gone bonkers as prices soar to record highs while the economic bad news keeps coming. Estate agents have claimed that some ‘frantic’ buyers are battling over spacious family homes, coastal boltholes and rural retreats. They say the Chancellor’s stamp duty holiday has ‘turbocharged’ a housing market that was already buoyant … Read more
House prices jumped £4,500 in July as lockdown buyers hit the market but Britain’s biggest building society 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 … Read more
Tory MP Caroline Nokes joined social media users in questioning why people cannot get their eyebrows waxed when men can have their beards trimmed. Beauty salons, nail bars, tattoo and massage studios, body and skin piercing services, physical therapy businesses and spas will reopen from Monday. Updated Covid-19 secure guidance sets out the measures that those providing close … 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