What’s the latest information on house prices? We monitor the leading indicators to keep you regularly updated about all the key moves in the UK’s property market
Update 7 September 2021: Halifax sees record average UK property price at £263,000
At a glance…
- Average UK property price £262,954, highest on record
- Figure is £23,600 higher than June 2020
- Annual house price inflation eases to 7.1%
Halifax bank’s monthly house price index for August confirms that UK property prices are continuing to rise, although the rate of annual increase, at 7.1%, is down from the 7.6% recorded in July.
The month-on-month increase was 1.2%.
The bank says the average UK property price stands at £262,954, which is a record high. The previous peak was in May (£261,642). Demand has been fuelled in recent months by changes to stamp duty rules, including the ending of the tax holiday in Wales and the tapering of relief in England.
You can find out more about stamp duty rates and rules here.
Russell Galley at Halifax said there are other significant factors…
