
Prime central London and northern England to experience strongest house price growth over next five years
Property group Savills has revised its five-year prime and mainstream residential house price forecasts.

Property group Savills has revised its five-year prime and mainstream residential house price forecasts.

House prices have hit a record high, with the price of the average home now topping £270,000 for the first time, according to Halifax’s latest house price index.

House prices in Wales rose to a new average peak price of £215,810 in Q2 2021 (April-June), with the strongest rate of growth reported over the past year.

The Premier League returns this weekend and the alternative property price Premier League table by GetAgent.co.uk is also back.

Over the past year, the average house price of UK cities has grown by 10.3%, while average earnings for those living and working in cities rose just 2.1%.

The latest research by the estate agent comparison site, GetAgent.co.uk, has revealed how asking prices across many areas of the property market tumbled in the wake of the initial stamp duty holiday deadline at the end of June.

Analysis from criteria search specialist, Knowledge Bank shows a significant number of people are stretching their financial limits.

The UK housing market has boomed as surging demand has been met by dwindling supply to push house prices to record highs.

The cost of housing in England and Wales grew by 9.1% annually this July, according to e.surv’s latest housing report.

The private rental sector accounted for 4.4 million or 19% of households in 2019/20, ONS figures have revealed.

The number of people owning a second property has risen from 1.81 million to 2.44 million in the ten years to 2018/19, according to ONS data.
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