Halifax figures show record UK house prices

Halifaxhas reported that pent-up demand and the stamp duty holiday have seen UK house prices reach a record high in August, with managing director Russell Galley stating: “A surge in market activity has driven up house prices through the post-lockdown summer period”. He noted however that “The macroeconomic picture in the UK should become clearer over the next few months as various Government support measures come to an end.” The price of the average UK house now stands at £245,747, with Andrew Burrell of Capital Economics noting: “Pent-up demand will soon be expended. A weak economy, cautious lenders and the end of the stamp duty cut will weigh on prices” .

The Daily Telegraph (07/09/2020)   The Guardian (07/09/2020)   City AM (07/09/2020)