Manchester Property News
Record-breaking house price growth
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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