Posted on Tuesday, February 23, 2021
- ONS, Halifax and Nationwide all report a sharp increase in annual house price growth since the stamp duty holiday announcement in July 2020.
- According to the December UK HPI (ONS), the average house price in the UK is £251,500, an annual increase of 8.5%.
- In January 2021 Halifax and Nationwide reported a slowdown in house price growth, a -0.3% monthly decline. Stabilisation of price growth could reflect the looming SDLT/ Land Transaction holiday deadlines.
- Rightmove, Zoopla and the Dataloft Demand Index all report good levels of housing market demand, and while stock remains constrained, prices are likely to be supported. Source: Dataloft, ONS, Nationwide, Halifax