Record-breaking house price growth in Summer 2021
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According to the most recent report from the UK House Price Index, The UK experienced a 13.2% annual increase in house prices in June 2021. This is the largest annual increase recorded since 2004.
The average price of a UK house now stands at a record high of £265,668, which is £30,965 higher than the same time last year.
All regions in the UK experienced an annual increase in house prices. The North-West experienced the biggest increase (18.6%), followed by Wales (16.7%) and Yorkshire and the Humber (15.8%).
There are early signs of house price growth slowing down, with Nationwide reporting a monthly decline in July house prices (-0.5%) and Rightmove reporting an overall decline in ask prices (-0.3%).
If you are wondering how much your home in the Faversham, Sheerness or Sittingbourne area is worth then try our instant online valuation tool to get an idea of your home’s value. Alternatively for a more accurate market appraisal, we are happy to visit your property and discuss its value with you in person. Our advice is free and without obligation as your local independent estate agent.
Source: Dataloft, UKHPI.