House prices in January fell by 0.3% to £229,748 compared to December, according to the latest Halifax HPI. This is the biggest drop since April 2020, said Halifax House Price Index. The average UK house price was £251,968 in January. The annual growth rate also eased for the first time since June, to 6.4% from…
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Halifax said UK house price in 2020 ended on average 6% higher than in 2019. The pent-up demand after the first national lockdown and the government’s stamp duty holiday triggered a homebuying boom. The average price of a house in the UK reached a record high of £253,374 in December. December figure is little changed…
The Uk house sales are continuously picking up since the summer due to pent-up demand following the UK-wide lockdown and the introduction of stamp duty holiday on properties up to £500,000. Chancellor Rishi Sunak announced the stamp duty holiday in July 2020. Therefore, more than 100,000 additional UK house sales may take place during the…
Halifax has recently revealed the latest data about the growth in UK house prices. The data shows that UK house prices increased at the fastest pace since June 2016. During October, average house prices across the UK exceeded £250k for the first time in history. The lender exposed that house prices in October were 0.3%…