UK house prices rising at the fastest pace for 15 years

Dec 9, 2021 | Property Investment

Uk house prices are hitting record highs, rising 8.2% in the last year.

UK house prices rising at the fastest pace for 15 years

According to Halifax, since September UK house prices have grown at the fastest pace for 15 years. The average home has increased by £20,000 since this time last year.

The quarter to the end of November saw prices rise by 3.4%, the highest quarterly increase since 2006. The average UK home has reached a new all-time high at £272,992. This is due to a shortage of homes on the market, high employment levels, and competitive home lending rates.

House prices have now risen for five-month in succession, including a full 1% rise in November. Year-on-year prices have increased by 8.2%.

In London, the average house price is £521,129, much higher than the rest of the country. I expect this to continue as the capital remains the engine for the UK economy.

If you are interested in acquiring a London property for investment or as a UK base, we are offering a desirable new development in Hayes, West London. It is just 20 minutes by train to Bond Street and 27 minutes to the City.

Hayes Village offers a 4.8% annual rental yield and the capital value is forecast to grow by 21% in just five year.

Well worth taking a closer look.

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