Manchester Property News

Record-breaking house price growth

TomS - Head Tom Simper Aug 21, 2021, 14:50 PM

The UK experienced a 13.2% annual increase in house prices in June 2021. This is the largest annual increase recorded since 2004.

The average price of a UK house now stands at a record high of £265,668, which is £30,965 higher than the same time last year.

All regions in the UK experienced an annual increase in house prices. The North West experienced the biggest increase (18.6%), followed by Wales (16.7%) and Yorkshire and the Humber (15.8%).

There are early signs of house price growth slowing down, with Nationwide reporting a monthly decline in July house prices (-0.5%) and Rightmove reporting an overall decline in ask prices (-0.3%). Source: Dataloft, UKHPI.

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