Is It Still A Good Time To Sell?
UK house prices climbed 7.5% in 2020, the highest growth rate for six years, building society Nationwide found.
Prices ended the year 5.3% above the level prevailing in March, a resilience that seemed unlikely at the start of the pandemic, it said.
Housing demand has been buoyed by a raft of policy measures and changing preferences due to the pandemic.
House prices were 0.8% higher in December than November, with the average property valued at £230,920.
The recent demands are still prevalent the Nationwide continues. “After a strong first quarter of 2021, prices are likely to cool only briefly in the wake of the Stamp Duty deadline but could then start to increase again towards the end of the year,” they said.
“Though the Treasury has confirmed the Stamp Duty deadline of March 31 will stand, this government has backtracked and U-turned so many times that frankly anything is possible.”
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