House price growth pushed to the highest level in four years

The latest data from the Office of National Statistics has shown that UK house prices increased by 5.4% to an average of £245,443.

The surge in sales agreed over summer has contributed to pushing house prices to the highest level in four years.

Houses in the South West saw an increase of 6.1%, whilst the South East had an increase of 4.7% and Greater London 3.9%.

But what does this year hold for house prices? Well Rightmove have forecasted a 4% house price growth for 2021 as they predict housing priorities will stay high on people’s agenda and the change in home requirements will encourage people to move.

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Sources: Dataloft Inform, UKHPI and Rightmove.

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