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- UK house prices on strongest run since 2004 - Halifax
UK house prices on strongest run since 2004 - Halifax
Yahoo News reports according to the report from Halifax, UK property prices have seen their strongest five-month run of growth since 2004, despite tighter lockdown restrictions in November.
Average UK property sold last month was bought for £253,243 ($336,195). It marks a 1.2% jump of almost £3,000 on October prices, and a 7.6% increase year-on-year—the biggest annual jump since June 2016.
The data shows continued momentum behind the property market boom seen in recent months, in spite of stricter coronavirus restrictions and their economic fallout.
England’s one-month coronavirus lockdown ended last week, and similar measures were place in Wales, Northern Ireland and areas of Scotland for part of November. Building sites and estate agents in England were able to remain open however, while property viewings and surveys continued.
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