09 Nov 2021
October 2021 House Price Update
It's unlikely to come as any surprise that houses prices increased again in October 2021, by 0.9%, and an increase of £2,500 according to The Halifax. This puts the UK average house price at £270,000.
The average house price in London increased by 0.8% at £514,907.
However, things are expected to cool off in the coming months due to the predicted interest rate rise.
The recent surge of 'more space' is apparently the main reason for housing activity over the last 18 months, with more buyers looking for larger houses with bigger gardens, along with the recent Stamp Duty holiday.