House prices soar 7.6% in November
By Gary Adams 20
th January 2021 10:25 am
UK house prices rose 7.6 per cent on an annual basis in November 2020, data from HM Land Registry shows.
It adds that between October 2020 and November 2020, the average house price in the UK grew 1.2 per cent. This means that the average property is now valued at £249,633.
London was home to the biggest yearly gains, where prices rose 9.7 per cent, giving an average property price of £513,997.
Meanwhile, the average house price in England rose 7.6 per cent annually, meaning the average property value came in at £266,742.
In Wales, house prices 7 per cent in the same time frame, meaning prospective buyers and seller are now looking at average prices of £180,229.