Saturday, 31 October 2020

UK house price growth hits 5-year high

UK mortgage surge

UK house price growth is to +5.8 per cent per Nationwide, the highest rate since January 2015.

The recent mini-boom has been spurred along by stamp duty exemptions for transactions under £500,000.

The average house price rose +0.8 per cent over the past month to hit a record high of £227,826 in October 2020. 

UK mortgage approvals increased to 91,500 in September, the highest level since 2007.