09282021

House prices at new high as buyers seek more space


House prices at new high as buyers seek more space – BBC News

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house by 7.3% over the past year, reaching a new high of £230,700, it says.”,”blocks”:[“type”:”fragment”,”model”:”text”:”A search for space has pushed up the average price of a house by 7.3% over the past year, reaching a new high of £230,700, it says.”,”attributes”:[]]]}},{“type”:”text”,”model”:{“blocks”:[“type”:”paragraph”,”model”:”text”:”While houses are proving popular, flats are less sought after.”,”blocks”:[“type”:”fragment”,”model”:”text”:”While houses are proving popular, flats are less sought after.”,”attributes”:[]]]}},{“type”:”text”,”model”:{“blocks”:[“type”:”paragraph”,”model”:”text”:”But properties of all kinds are in short supply, the firm stressed.”,”blocks”:[“type”:”fragment”,”model”:”text”:”But properties of all kinds are in short supply, the firm stressed.”,”attributes”:[]]]}},{“type”:”text”,”model”:{“blocks”:[“type”:”paragraph”,”model”:”text”:””Demand for houses is twice as high as typically seen at this time of year between 2017 and 2019, accelerating away from 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flat prices was lagging at 1.4% over the past year.”,”blocks”:[“type”:”fragment”,”model”:”text”:”The firm said that while house prices were surging, the growth in flat prices was lagging at 1.4% over the past year.”,”attributes”:[]]]}},{“type”:”unorderedList”,”model”:{“blocks”:[{“type”:”listItem”,”model”:{“blocks”:[“type”:”urlLink”,”model”:”text”:”House prices rise at fastest pace in 17 years”,”locator”:”https://www.bbc.co.uk/news/business-57648935″,”blocks”:[“type”:”fragment”,”model”:”text”:”House prices rise at fastest pace in 17 years”,”attributes”:[]]]}},{“type”:”listItem”,”model”:{“blocks”:[“type”:”urlLink”,”model”:”text”:”People moving home drive mortgage borrowing surge”,”locator”:”https://www.bbc.co.uk/news/business-57400359″,”blocks”:[“type”:”fragment”,”model”:”text”:”People moving home drive mortgage borrowing surge”,”attributes”:[]]]}},{“type”:”listItem”,”model”:{“blocks”:[“type”:”urlLink”,”model”:”text”:”Why house prices are rising so fast in a 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people wanted a spare room that could become an office, while others were seeking garden space.”,”blocks”:[“type”:”fragment”,”model”:”text”:”Ms Gilmore said that with the rise of working from home, many people wanted a spare room that could become an office, while others were seeking garden space.”,”attributes”:[]]]}},{“type”:”text”,”model”:{“blocks”:[“type”:”paragraph”,”model”:”text”:””A cohort of buyers has eroded the supply of family houses and put upward pressure on house prices more than flats over the past 12 months,” she said.”,”blocks”:[“type”:”fragment”,”model”:”text”:””A cohort of buyers has eroded the supply of family houses and put upward pressure on house prices more than flats over the past 12 months,” she said.”,”attributes”:[]]]}},{“type”:”text”,”model”:{“blocks”:[“type”:”paragraph”,”model”:”text”:””That’s a situation that we would expect to continue into 2022.””,”blocks”:[“type”:”fragment”,”model”:”text”:””That’s a situation that we would expect to continue into 2022.””,”attributes”:[]]]}},{“type”:”text”,”model”:{“blocks”:[“type”:”paragraph”,”model”:”text”:””We’re still seeing very high levels of demand in the market, even now with more modest stamp duty savings,” Ms Gilmore added.”,”blocks”:[“type”:”fragment”,”model”:”text”:””We’re still seeing very high levels of demand in the market, even now with more modest stamp duty savings,” Ms Gilmore added.”,”attributes”:[]]]}},{“type”:”text”,”model”:{“blocks”:[“type”:”paragraph”,”model”:”text”:”The price of the average UK house has jumped by 30% since 2007, when a typical house cost just £177,300, according to Zoopla.”,”blocks”:[“type”:”fragment”,”model”:”text”:”The price of the average UK house has jumped by 30% since 2007, when a typical house cost just £177,300, according to Zoopla.”,”attributes”:[]]]}},{“type”:”text”,”model”:{“blocks”:[“type”:”paragraph”,”model”:”text”:”In June alone, house prices were up 5.4% year-on-year, although buyer demand dipped 9% in early July because of the stamp duty holiday coming to an end.”,”blocks”:[“type”:”fragment”,”model”:”text”:”In June alone, house prices were up 5.4% year-on-year, although buyer demand dipped 9% in early July because of the stamp duty holiday coming to an end.”,”attributes”:[]]]}},{“type”:”text”,”model”:{“blocks”:[“type”:”paragraph”,”model”:”text”:”Sales agreed this year are still 22% ahead of average levels in 2020.”,”blocks”:[“type”:”fragment”,”model”:”text”:”Sales agreed this year are still 22% ahead of average levels in 2020.”,”attributes”:[]]]}},”type”:”crosshead”,”text”:”Regional variations”,{“type”:”text”,”model”:{“blocks”:[“type”:”paragraph”,”model”:”text”:”As people are taking the opportunity to move out of big cities, house prices have grown the most in Wales at 10.2% and the North East at 8.8%. “,”blocks”:[“type”:”fragment”,”model”:”text”:”As people are taking the opportunity to move out of big cities, house prices have grown the most in Wales at 10.2% and the North East at 8.8%. “,”attributes”:[]]]}},{“type”:”text”,”model”:{“blocks”:[“type”:”paragraph”,”model”:”text”:”House price growth is weakest in London at 5.6%.”,”blocks”:[“type”:”fragment”,”model”:”text”:”House price growth is weakest in London at 5.6%.”,”attributes”:[]]]}},{“type”:”text”,”model”:{“blocks”:[“type”:”paragraph”,”model”:”text”:”For flats, prices have risen the most in Scotland at 5.2% and the Midlands at 3.7%, but in London, flat prices have fallen by 0.5%. “,”blocks”:[“type”:”fragment”,”model”:”text”:”For flats, prices have risen the most in Scotland at 5.2% and the Midlands at 3.7%, but in London, flat prices have fallen by 0.5%. “,”attributes”:[]]]}},{“type”:”text”,”model”:{“blocks”:[“type”:”paragraph”,”model”:”text”:”Zoopla said it was also seeing a jump in demand for properties in outer London, up 86% on 2017-19 levels.”,”blocks”:[“type”:”fragment”,”model”:”text”:”Zoopla said it was also seeing a jump in demand for properties in outer London, up 86% on 2017-19 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Get in touch.”,”blocks”:[“type”:”fragment”,”model”:”text”:”How will higher house prices amid an increase in demand for houses affect you? 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