U.K house prices rise at the fastest pace since 2006:

By November this year the average price of a property in the U.K was £272,992. This is £20,000 more, 10.4% more (as a percentage) than December 2020. 

 Now, Why might this be, you ask? 

According to Russell Galley- who is the managing director at Halifax -suggests that the issue is a shortage in available properties and competition between mortgage providers to keep their rates at “historic lows.”

Shockingly, the house sales , post the stamp duty holiday, have plummeted and show a 9 year low.  Many believe this is due to the COVID-19 variants which have restricted citizens from moving and economic confidence being shattered due to rapidly increasing prices of necessary goods. 

—

What do you think can be done to increase property sales? 

https://www.ft.com/content/fc33b109-0d7a-426d-ac64-d01a0fb89f12