Halifax House Price Index13 Jan 2021 18:57
House price inflation hits four-and-a-half year high at end of 2020
Key points for Q4 2020:
? Prices up 7.0% compared to a year earlier
? Cumulative price gain over past six months at
6.0%
? South West and West Midlands record sharpest
inflation rates
? Affordability constraints tighten across several
regions during fourth quarter
“Driven by both the temporary stamp duty holiday and the emerging structural shifts in preferences amongst buyers for more space and reduced urban living, typical UK house prices have risen by 6.0% in just six months. In cash terms that equates to over £14,000. Gains are widespread across the UK, although most notably in the past three months the south of England has enjoyed some especially notable gains.
“However, with the ending of the stamp duty holiday and scaling back of Help to Buy at the end of March, plus the ongoing macroeconomic challenges related to dealing with the pandemic, it’s unlikely that such positive market momentum can be sustained for too much longer.”