UK House Prices have hit a record high of £235,000 as the time at which sales are agreed reach their fastest pace for 5 years. The average home in the UK has seen an increase of £44/day over the past 6 months – this is up from £30/day between July 2020 and January 2021. According to Zoopla’s House Price Index, the time it takes to agree a sale on a home is now less than 30 days.
House prices have risen by 6.1% in the last year which is more than double the rate of annual house price growth seen in August 2020. Liverpool has seen the biggest increase in house prices at 9.8%, followed by Manchester at 8.1% and Sheffield at 7.6%.
The world of Property is a difficult one to master, even more so in the current state of the world. Knowing what mistakes to avoid and what advice to follow can be challenging – so we have made it simple: