Why Do Property Prices In The UK Continue To Increase?
Nov 26, 2021
The first thing that no one predicted was that during a pandemic, the UK property market would experience a mini-boom rather than a crash.
However, many people were taken aback by the continuous increase in house prices
> There are many variables driving house price increases, including investor concerns about inflation and potential interest rate hikes.
> What’s notable is that after the Stamp Duty tax reduction deadline in October, the number of UK property transactions halved.
YET, during the same month, house prices grew by up to 0.9%, as demand continued to surpass supply, and buyers seek to lock in property purchases before inflation takes hold and rates rise…
Data: Halifax, Nationwide
