ONS, Halifax and Nationwide all report a sharp increase in annual house price growth since the stamp duty holiday announcement in July 2020.
According to the December UK HPI (ONS), the average house price in the UK is £251,500, an annual increase of 8.5%.
In January 2021 Halifax and Nationwide reported a slowdown in house price growth, a -0.3% monthly decline. Stabilisation of price growth could reflect the looming SDLT/ Land Transaction holiday deadlines.
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Willmotts Chartered Surveyors
Willmotts is a firm of RICS regulated chartered surveyors, est. 1856. Providing an award winning, Complete Property Service from Hammersmith in West London and beyond.