UK house prices see highest growth in six years in 2020
BBC News By Simon Read UK house prices climbed 7.5% in 2020, the highest growth rate for six years, building society Nationwide found. Prices ended the year 5.3% above the level prevailing in March, a resilience that seemed unlikely at the start of the pandemic, it said. Housing demand has been buoyed by a raft of policy measures and changing preferences due to the pandemic. House prices were 0.8% higher in December than November, with the average property valued at £230,920. "The furlough and Self Employment Income Support schemes provided vital support for the labour market, while a host ...
Source: bbc.com