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UK house prices hit new record high after growing at fastest rate in five years : CityAM


UK house prices hit new record high after growing at fastest rate in five years
The stamp duty holiday helped boost market activity and house prices
UK house prices grew at the fastest pace in five years last month as the stamp duty holiday continued to buoy the market. 
Average house prices in April reached a new record high of £258,204, an annual increase of 8.2 per cent and a monthly rise of 1.4 per cent.
Almost £20,000 has been added to the value of the average home since April last year, according to the latest Halifax House Price Index.
“The stamp duty holiday continues to add impetus to an extremely active market, magnifying the current shortage of available homes as buyers aim to take advantage of the Government scheme,” said Halifax managing director Russell Galley. ....

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Regions drive 5.7% surge in house prices as Britain's pandemic property boom continues


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And in the North West, which recorded its best growth in 14 years, prices climbed 8.4 per cent to an average of £194,374.
Paul Smith of data firm IHS Markit, which produces the index, said: ‘Market activity continues to be supported in the main by shifting preferences among buyers for greater space, especially among those in secure employment, amid expectations that working from home will continue in at least a hybrid form.
The typical British house now costs £252,765 – a new record – after prices climbed 5.7 per cent between the first three months of 2020 and the same time this year
With the stamp duty holiday extended, mortgage availability support for first-time buyers increased and growing expectations that economic performance will improve markedly, price pressures are set to remain elevated into the autumn at the very least.’ ....

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Regions drive 5.7% surge in house prices as Britain's pandemic property boom continues

Regions drive 5.7% surge in house prices as Britain's pandemic property boom continues
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