Office of National Statistics - Housing Prices Outlook
According to the Office for National Statistics (ONS), the average UK house price increased by 8.5% to a record £252,000 in December - the highest annual growth rate for more than than six years. The hike, up from 7.1% in November, represents the largest yearly rise since October 2014.
The ONS report also said: "Recent price increases may reflect a range of factors, including pent-up demand, some possible changes in housing preferences since the pandemic and a response to the changes made to property transaction taxes across the nations."
Halkin Investments Real Estate Limited believes this is article is a testament to it's initiative of investing in residential assets that are strategically located and present excellent transportation links.
To learn more about the ONS report, please click on the link below.
Savills Real Estate Outlook
In a recent publication from Savills, it was found that sales of properties at GBP1m and above have increased by nearly 50% as compared to previous years. Additionally, it was understood that country-house homes, or those that exhibited good commuter links to London, were the standout performers. This segment saw year-on-year values rise by 5.5%.
These figures suggest that buyers still value the amenity and connectivity on offer in key regional cities. The report also supports Halkin Real Estate's strategy to invest in residential single dwellings in London suburbs with good transport links to London.
To learn more, or to access the article in discussion, please click below.