Average UK house price hits record high of £250,000
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.
House Prices
Around 100,000 house sales already agreed ‘will miss stamp duty deadline’
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 taking out longer mortgages, analysis finds
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.
Surveyors’ expectations for near-term house sales at weakest levels since April
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.
Average UK house price ended 2020 at record high of £253,374, says Halifax
The average UK house price ended 2020 at a record high of £253,374, according to an index.
Average UK home added nearly £28 per day to its value in 2020, analysis finds
The average UK home added £27.81 per day to its value in 2020, analysis has found.
East Midlands enjoys strongest regional growth in 2020 property boom
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 see biggest annual growth for six years in 2020, says index
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.
Very top end of country house market ‘may have had most active year since 1980s’
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 eclipse gains made in 2020 – Halifax
Possible house price falls in 2021 may not be significant enough to wipe out the strong gains already made this year, according to experts.
Average UK house price hits new record with highs in England, Scotland and Wales
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.
Average price tag on a home has jumped by nearly £20,000 in 2020
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.
Housing market demand continues to grow in run-up to Christmas, say surveyors
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.
£86,000 typical price premium for a home with a sea view
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.
Average UK house price up by more than £15,000 since June – index
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.
UK house prices hit record highs for four months in a row – index
House prices hit a new record high for the fourth month in a row in November, according to an index.
House sales boost expected in early 2021 as stamp duty deadline approaches
Around 100,000 “additional” house sales are predicted to take place in early 2021, as strong activity spills over into the new year.
UK house sales jumped by nearly 10% month-on-month in October
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).
Flipping profit: Share of homes sold twice within a year is highest since 2008
The proportion of homes being flipped – sold twice within 12 months – is at its highest levels since 2008, a study has found.
£1.9bn of stamp duty receipts generated between July and September – HMRC
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.
Fastest-moving property markets in Britain revealed
Falkirk in Scotland has been identified as Britain’s fastest-moving property market, with homes there taking 20 days to be snapped up typically.
Average UK and London house prices hit record highs in September
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 named Britain’s top seaside hotspot for house price growth
Mumbles in Wales has been identified as Britain’s top seaside house price hotspot.
Living in a national park ‘can potentially boost house prices by 20%’
Homes in national parks typically command a 20% premium, according to analysis.
House sellers’ average asking prices dip by £1,500 in November
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.
Housing market to remain busy into new year, surveyors predict
Bustling housing market activity is expected to continue into the new year, according to surveyors.
Average UK house price breaks through £250,000 barrier – index
The average UK house price has topped a quarter of a million pounds for the first time, according to an index.
‘Encouraging’ signs for Aberdeen property market, but house prices still falling
New figures reveal house prices continue to fall in the Aberdeen, but property experts have noted "very encouraging" signs.
Average UK house price at new record high of £227,826, says Nationwide
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.
Around 140,000 more home buyers waiting to complete sales than usual – report
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.