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House prices hit record high in March surge: Halifax By Gary Adams 9 th April 2021 9:52 am The average house price in the UK grew 1.1 per cent from February to March, the latest Halifax house price index shows. By Halifax’s numbers this is the first monthly rise seen since November 2020. It also adds up to an annual rise of 6.5 per cent, which brings the average house price up to £254,606. The lender says that government support measures and tightening supply of homes for sale will support prices in the short term. “However,” says Halifax managing director R...

Average price of UK home jumps to record high of £254,606 in March Hilary Osborne © Provided by The Guardian Photograph: Nathan Stirk/Getty Images The average price of a UK home jumped by 1.1% in March to a record high of £254,606 as government measures to support the market continued to drive interest from buyers. The latest monthly snapshot of the market from Halifax showed that since March 2020, house prices had risen by 6.5%, or £15,430 in cash terms. The monthly rise is the first since November. Russell Galley, the managing director of Halifax, said the housing mark...

Demand for city centre living is on the rise, with renters now looking to take advantage of discounted rents as the nation prepares to exit lockdown. With an end to restrictions in sight, rental enquiries have been surging in some city centres according to new analysis by Rightmove. The research looked at the uplift in enquiries relating to rental properties since February last year, and found that some city centres were experiencing high demand.  Enquiries about properties in Sheffield city centre are up 102 per cent, whilst in Manchester they are up 69 per cent. City centres seeing the hig...

House prices in the UK edged downwards in February, but are predicted to hit record highs again after the stamp duty holiday was extended by Chancellor Rishi Sunak in this week's Budget.

House prices dip 0.1% in February: Halifax By Gary Adams 5 House prices dipped slightly in February, Halifax says, recording a 0.1 per cent fall. On an annual basis, house prices grew 5.2 per cent, the lender adds, with the average house price coming to £251,697. Quarterly, this equates to a 0.5 per cent change. It has been a soft start to 2020, says Halifax managing director Russell Galley, and “the housing market has been at something of a crossroads.” However, recent budget announcements, such as the extension to stamp duty and the mortgage guarantee scheme ...