Average house price reached £266,000 in June 2021
The average price of a house in the UK rose by 13.2% in the year to June 2021.
This was the highest annual growth rate in the UK since November 2004, according to the Office for National Statistics (ONS) house price index.
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House prices have risen by £31,000 since this time last year, reaching a record high of £266,000 in June 2021.
London was the region with the lowest annual growth rate for the seventh consecutive month at 6.3%.
However, the capital remains the most expensive of any region in the country, with the average price recorded in June at £510,000.
Hugh Gibbs, co-founder of Searchland, said: ‘House prices have always been a hot topic in the UK, but the current This is especially true.” deadline. “
“Clearly, the ONS data shows that house price increases continued to rise rapidly even during the build-up period up to the June 30 deadline, but this trend continued into July and August. It is unlikely.”
The statistics suggest that the stamp duty holiday has fully achieved its purpose.
“This has driven a huge amount of transaction activity, driving growth across the real estate sector. And while the spectacular rise in property values over the past 14 months will eventually come to an end, this “Predictions of a sudden market crash in the summer are certainly not coming true,” Gibbs said.
“Make no mistake, despite the gradual reduction in stamp duty holidays, the market remains highly competitive and desirable properties and land still attract significant attention from prospective buyers. Don’t expect it to change anytime soon.”
