Few would have predicted that in a year when a pandemic swept the world, the UK housing market would be riding high. House prices rose 7.6 per cent to an all- time high average of £253,243, says the Halifax. The 121,740 properties sold in October alone – the latest data – were a whopping 14 per cent up on a year earlier, according to HM Revenue & Customs. Property predictions: After a roller-coaster 2020, our experts predict ten trends for the next 12 months And Government figures show even rents hit an all-time high of £725 per month in England and £1,435 in London. A stamp duty holiday until March has encouraged a frenzy of buying as people bag savings of up to £15,000, while interest rates remain near record low levels and a ban on tenant evictions until mid-January may be hiding a mountain of rent arrears. We defer to the experts, who predict ten trends for the next 12 months. RELATED ARTICLES Previous 1 Next Want to follow in the footsteps of Sarah Beeny? Six… Where Britons want to live revealed: Rural and coastal areas… Landlords reveal a wish list for buy-to-let and tenants -… Bargain New Year cheer: The… Read full this story
- The wild ride of Justin Thomas at The Players Championship
- Affordable-housing market worsens for desperate renters
- People rush to boats in Ballard to dodge Seattle’s crazy housing market — but there’s no more room
- Alternative Fact of the Week: Scott Pruitt's wild ride
- We're potentially headed for a 2020 recession, right in time for the presidential election – so how do we prepare?
- Woodlands branch of House of Pies may open in August
- London’s Long Housing Boom Is Over. Is a Bust Coming?
- 5 bits of bad news the Tory government just buried the day before MPs' half term
- In this part of Colorado, the West is still wild — and it’s keeping its rural roots alive with wanna-be Westerners and horse drives
- California fish market owner buys 70-pound octopus just to set it free
Buckle up and knuckle down: If you think 2020 has been a wild ride for the housing market, just wait until 2021 have 320 words, post on www.dailymail.co.uk at December 31, 2020. This is cached page on Search. If you want remove this page, please contact us.