UK house prices in June rose at the fastest pace since 2004 as buyers raced to complete ahead of the winding down of the stamp duty holiday, while demand for larger properties outside London remained.
Average house prices jumped 13.2 per cent in the 12 months to June 2021, up from an annual rate of 9.8 per cent the previous month, according to data from the Office for National Statistics.
The rise was the highest annual growth rate in the UK since November 2004 against a backdrop of low interest rates and shortage of supply. The average price of a home in the UK hit a record high of £266,000, up £31,000 from the same time last year.
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