Post-lockdown mini boom pushes house price growth to highest level in over two years

The latest ONS data, released at the start of September, has shown that in the UK house prices have increased by 3.4%, to an average of £237,834.

This is the highest house price growth increase since March 2018, and is a result of the post-lockdown ‘mini boom’ that the property market has been seeing over the last few months.

House prices across the South West of England saw the highest level of annual increase, at 4.3%, whilst Greater London saw an increase of 4.2% and the South East 2.1%.

A survey by the Royal Institution of Chartered Surveyors also showed that a number of agents expect house prices to continue to increase over the next 3 months to a year.

If you’re interested to find out the value of your home, for sale or rent, then take a look at our online valuation tool where you can get an estimate in just minutes. Or if you’re looking for a more detailed valuation and a rundown of the market in your area why not arrange a valuation with one of our local experts?

Sources: Dataloft, UKHPI, ONS, Royal Institution of Chartered Surveyors

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