Housing market enjoys ‘Boris boost’ as prices rise at record rate

20 January 2020

The Times

House prices have risen by 2.3 per cent since the general election on December 12, adding £6,785 to the value of the average home, according to Rightmove, the property search website, which reckons that the average asking price now stands at £306,810. It is the largest monthly price rise for this time of year that Rightmove has recorded since it began its surveys in 2002.

The findings chime with those of other recent indicators. This month Halifax said that house prices had risen by 1.7 per cent in December. Nationwide recorded a 0.1 per cent growth in prices over the same month.

Data published today by LonRes, a property analyst, showed that buyers returned to prime central London during the final three months of 2019, pushing up the level of agreed deals by 34 per cent against the same period a year earlier.

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