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UK house prices hit new high

Christian Fernsby ▼ | September 7, 2020
British house prices jumped by the most since 2016 in August to hit a record high, Halifax said.
UK house
New high   UK house
House prices were 5.2% higher than in August 2019, Halifax said.

Topics: House UK

The surge in activity was fuelled by a temporary tax cut on purchases, pent-up demand and some buyers wanting to move to bigger properties after the lockdown, Russell Galley, managing director at Halifax, said.

"Notwithstanding the various positive factors supporting the market in the short-term, it remains highly unlikely that this level of price inflation will be sustained," he said.