House prices have surged back to pre-March levels, but experts warn of a coronavirus 'hangover' crash. The property market has seen records smashed this summer with prices jumping in August to the biggest monthly rise in 16 years, according to new figures.
Demand, meanwhile, has been off the scale since the market re-opened in mid-May after a lockdown freeze with house prices hitting an all-time high.
The summer usually sees a lull with people going off on holiday, but 2020 has been a different story. The average home currently costs £224,123, which is 3.7 percent higher than August last year, reports the Daily Mail.
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