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ccording to Halifax, the average house price in the UK has hit a record high of £276,091.
One would expect a decline in the rates, especially during the pandemic. If living at home for many months has taught us anything, it is the importance of having a quality house.
The surprising surge in property prices that we saw in 2021 was apparently just the beginning of the ever-growing appetite for property. Despite being in lockdown, Halifax managing director, Russell Galley was astonished by the housing market’s record-breaking performance last year.
It was a promising year-end for UK house prices as they increased by 1.1% in December 2021 compared with the previous month.
This is all great news, but with all the inflation and increasing pressures on household budgets, it is best to plan for interest rates since housing price growth may slow down.
All things considered, it’s always ideal to consult an experienced property investor when investing in property.
Our team at Sell My House Quickly and UK Property Tastic is always eager to provide investors, both seasoned and new, with property advice. Learn more about us by visiting www.sellmyhousequicklysmethwick.co.uk, or visit www.ukpropertytastic.co.uk to view our client testimonials.
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