The average UK house price reached a record high of £250,000 in November – as typical London property values broke through the £500,000 barrier for the first time.
Many home buyers could be in for tax bills they had not budgeted for – as around 100,000 house sales already agreed will miss a deadline to make stamp duty savings, according to an estimate.
Seven in 10 first-time buyers took out mortgages beyond the traditional term of 25 years last year – compared with just under half 10 years ago – according to a report looking into housing affordability.
Property professionals’ expectations for house sales in the next few months are at their weakest since the initial coronavirus lockdown period, a report has found.
The average UK house price ended 2020 at a record high of £253,374, according to an index.
The average UK home added £27.81 per day to its value in 2020, analysis has found.
Here are average house prices across the UK across the fourth quarter of 2020 according to Nationwide Building Society, followed by the year-on-year change:
House prices enjoyed their strongest annual growth for six years in 2020 as the market was spurred on by tax breaks and changing demand amid the pandemic, according to an index.
The upper end of the country house market may just have witnessed its most active year since the 1980s, according to an estate agents.
Possible house price falls in 2021 may not be significant enough to wipe out the strong gains already made this year, according to experts.
The average UK house price hit a record high of £245,000 in October – also marking a £13,000 increase on a year earlier – according to official figures.
The property market is ending 2020 on a “sprint finish”, with the average price tag on a home nearly £20,000 higher than it was at the start of the year, despite the economic fallout from the coronavirus crisis.
Property professionals report they are doing brisk business in the run-up to Christmas, but there are concerns that a sharp slowdown in sales could be around the corner in spring 2021.
The typical premium to buy a home with a sea view has surged by more than £19,000 over the past year, as demand for coastal properties has been boosted during lockdown.
The average UK house price has increased by more than £15,000 between June and November – marking the strongest run of growth over five months since 2004, according to an index.
House prices hit a new record high for the fourth month in a row in November, according to an index.
Around 100,000 “additional” house sales are predicted to take place in early 2021, as strong activity spills over into the new year.
Around 105,630 home sales took place in October – marking the highest number of transactions for that month of the year since 2015 – according to figures from HM Revenue and Customs (HMRC).
The proportion of homes being flipped – sold twice within 12 months – is at its highest levels since 2008, a study has found.
Some £1.9 billion was raised from stamp duty between July and September, according to tax officials, marking a 27% increase compared with the previous three months as lockdown restrictions eased.
Falkirk in Scotland has been identified as Britain’s fastest-moving property market, with homes there taking 20 days to be snapped up typically.
The average UK house price reached a record high of £245,000 in September, after jumping by 4.7% over the year, official figures show.
Mumbles in Wales has been identified as Britain’s top seaside house price hotspot.
Homes in national parks typically command a 20% premium, according to analysis.
The average price tag on a home is around £1,500 lower this month than a record high reached in October, according to a website.
Bustling housing market activity is expected to continue into the new year, according to surveyors.
The average UK house price has topped a quarter of a million pounds for the first time, according to an index.
New figures reveal house prices continue to fall in the Aberdeen, but property experts have noted "very encouraging" signs.
UK house prices hit a new record high of £227,826 on average in October after annual growth in property values reached its fastest rate since 2015.
The home buying system is under pressure as around 140,000 more people are waiting to complete the process than this time last year, according to a report.