London houses now average £500,000, as UK-wide prices rise at fastest rate in 14 years
Multiple national lockdowns have spurred many homeowners and potential buyers to revaluate their needs when it comes to house buying.
UK house prices surged at their fastest rate in almost 14 years over the past year, while London’s homes remained the priciest of any region despite the lowest annual growth.
Stoked by the extended stamp duty holiday, the capital’s house prices at an average of £500,000 were the most expensive of any region in the UK in the year to March – but saw annual growth of just 3.7 per cent.