Wednesday, October 20, 2021
Real EstateUK

House prices rose by £44 per day, shows Zoopla index

Zoopla

Across the UK, the average house price in August was £235,000 which is a record high for Zoopla’s index

House prices rose by £44 per day on average in the six months leading up to August, according to an index.

This was up from £30 per day typically over the previous six months (July 2020 to January 2021), Zoopla said.

Across the UK, the average house price in August was £235,000 which is a record high for Zoopla’s index.

The average property has added £17,508 onto its value since March 2020, when the coronavirus lockdowns in the UK started.

But there have been big variations and not everywhere has seen prices increasing.

While average house prices have risen by £23,357 in Cambridge since March 2020, they have dropped by £2,600 in Aberdeen over the same period, Zoopla said.

Since February, typical house price increases have ranged from £64 per day in the South East and £63 per day in the South West of England to £22 in Scotland and £24 in the North East of England.

Grainne Gilmore, head of research at Zoopla said that buyer demand remains higher than typical levels for this time of year.

She said: The demand coming from buyers searching for space, and making lifestyle changes after consecutive lockdowns, has further to run.

Balancing this however, will be the ending of Government support for the economy via furlough, and more challenging economic conditions overall, which we believe will have an impact on market sentiment as we move through the fourth quarter of this year, she said.

She said: 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.

Important:

The articles are for information purposes only and Invest for Property shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.

Invest for Property does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

Leave a Reply

twenty − 17 =