Demand for property has soared by 49% so far this year compared to the corresponding periods in 2018 – 2021, rivalling record demand seen during the stamp duty holiday, according to the latest Zoopla December HPI, released today.
The surge in demand has pushed up house prices to an all-time high, with the average price of a home hitting £242,000 in December, up from £216,500 at the start of 2020, the data shows.
According to the property portal, prices for houses (terraced, semi-detached and detached) now average £289,500, while flats average £175,700 – up 8.8% and 2.2% respectively year-on-year.
Read the full article on Property Industry Eye | JANUARY 27, 2022 | MARC DA SILVA
Estate Agents
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