Inflation pain to stretch into next year, warns Andrew Bailey

House values recorded double-digit growth in November 2021, with the typical assets selling price attaining £25,000 in the place of a calendar year.

My colleague Rachel Mortimer has additional:

Values across Britain rose by 10personal computer in the yr to November, up from 9.8computer system in Oct, in accordance to the most current figures from the Office for National Figures. 

Price tag tags hit £271,000, a bit lessen than September’s history common of £272,273 in the direct up to the remaining stamp responsibility deadline.

Dwelling costs continued to climb in November, inspite of predictions the house sector would start off to amazing after the tax crack ended and ahead of the typically tranquil festive interval.

Huge purchaser demand from customers, matched with an acute shortage of homes for sale, ensured sellers still obtained their asking value, and previously mentioned, late into very last calendar year