House prices up £44 a day

House prices increased by £44 per day on average in the six months leading up to August, according to an index from Zoopla, with this up on the £30 a day increase recorded between July 2020 to January 2021. The average house price in August was £235,000, with this a record high for Zoopla’s index. The average property has seen its value climb £17,508 since March 2020, the month that the UK saw its initial coronavirus lockdown. Grainne Gilmore, head of research at Zoopla, said that while demand coming from buyers “has further to run”, this will be balanced by the ending of Government support for the economy via furlough and “more challenging economic conditions overall”. “We expect the market to remain busy compared to historical norms, and for price growth to remain in firmly positive territory at the end of the year,” she added.

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