ONS figures reveal rise in house prices

Office for National Statistics (ONS) figures show that house prices rose by 8.9% in the year to April, with this down on the 9.9% year-on-year increase recorded in March. The ONS said March’s increase, which was the biggest since 2007, may have been driven by buyers looking to complete deals before the original stamp duty holiday deadline of March 31st. The average English home sold for £268,000, reflecting high prices in London and the south-east, though the capital, with an average price of £492,000, has had some of the lowest price inflation for five consecutive months.

BBC News (16/06/221) Daily Mail (16/06/2021) Daily Mirror (16/06/2021) The Times (16/06/2021)