According to Halifax, housing prices rose 0.9 % in October.
This is the fourth increase in a row, which is currently costly by £ 270,000 in the UK.
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“One of the important propulsion for the past 18 months of the housing market is the space competition, and we often seek a larger property from the center of the city,” he said. Jing Director Russell Galley says.
“In combination with temporary measures such as reduction of stamp tax, this has been pushed up the average asset price to the highest £ 270,027 in history. The value of the property has increased by 31,516 pounds (13.2 %).
“Supported by parents’ deposits, improving mortgage access and low borrowing costs have helped to promote price growth in recent months.”
“The first buyer annual housing price inflation (+9.2 %) is currently at the height of five months and is ahead of the same scale of the home morber,” he added.
The galley also predicts that the housing market may be cooler when inflation rises, and says, “It is expected that England Bank will respond to the risk of inflation by raising the price immediately next month, and will be 12 in the future. It is expected that the purchase of the house will be cool in the next 12 months.
