| UPDATED: 14:38, Wed, Dec 30, 2020
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Nationwide released their monthly house price index this morning, marking the end of a surprisingly positive year for the property market. The latest figures suggest that annual house price growth surged to a six-year high of 7.3 percent at the end of the year. This is up from 6.5 percent last month, with prices rising 0.8 percent month-on-month, after taking seasonal effects into account.
Property prices jump 7pc in 2020 as experts predict bumper year ahead
Analysts u-turn on predictions that the coming year will see falling house prices
30 December 2020 • 9:33am
House price growth surged to a six-year high this month as the property markets shrugged off a brutal recession caused by the Covid pandemic, with experts suggest predicting further rises next year.
Annual growth in property prices accelerated in December to reach 7.3pc – up from 6.5pc the previous month, according to Nationwide Building Society’s monthly index. The average property price is now worth just under £231,000, 5.3pc higher than it was just before the pandemic broke out in March.
Coronavirus in Somerset: The 10 areas with the lowest weekly cases ahead of tier announcement
There has been a significant decrease in the number of areas reporting low case numbers
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This is why it hardly ever seems to snow in Bristol - even when the surrounding area is covered in the stuff
Three reasons to explain the phenomenon
Updated
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The forecasters and weather warnings for snow include Bristol, the snow symbols and yellow areas of Met Office dread include the city, but yet all we get is rain.
The disruption of services is expected to continue until the end of today (Tuesday). South Western Railway (SWR) says: Due to flooding between Salisbury and Bristol Temple Meads all lines are blocked. Train services running through these stations have been cancelled. Disruption is expected until the end of the day. ⚠️ NEW 29/12 Due to flooding between Salisbury and Bristol Temple Meads all lines are blocked. Train services running through these stations have been cancelled. Disruption is expected until the end of the day.https://t.co/imkvCCexC2 SWR Help (@SW Help) December 29, 2020 Customers will be able to use their SWR tickets at no extra cost on GWR services between Salisbury and Temple Meads, if these resume.