House prices surge to new record high of £245,000 as stamp duty holiday pushes demand
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mirror.co.ukThe average UK house price stood at a record high of £245,000 in September, after jumping by 4.7% over the year, according to the Office for National Statistics (ONS).
London's average house prices also hit a record high of £496,000 in September, it said. Average house prices increased over the year in England to £262,000 (4.9% annual increase), in Wales to £171,000 (3.8%), in Scotland to £162,000 (4.3%) and in Northern Ireland to £143,000 (2.4%).
Recent price increases may reflect a range of factors including pent-up demand, some possible changes in housing preferences since the coronavirus pandemic, and a response to the changes made to property transaction taxes across the nations, the ONS said.
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