House prices jumped £20k in 2020, ONS / Land Registry reveals
A dash for detached homes and the hunt for more space in lockdown helped send the average house price in the UK up £20,000 in 2020, official figures revealed. House prices increased by 8.5 per cent in 2020, reaching a record high of £252,000, aided by lockdown buyers looking for bigger homes and the stamp duty holiday launched in July. The annual level of growth was the highest Britain has seen since October 2014, according to new data published by the Office for National Statistics, but the market is now predicted to cool off unless an extension to the stamp duty holiday due to end next...
Source: thisismoney.co.uk