Lee Pickett, a housing sector specialist and real estate partner at global legal business, DWF, said: "Today's data reflects the intensely busy period the housing sector experienced in early 2021, largely driven by the stamp duty holiday, put in place to stimulate the market and the changing needs of UK homebuyers since the pandemic.
"This is the highest level of growth since 2004 and it is reflected in the price of an average home in the UK, which is now £266,000, overtaking the previous high in March 2021 of £256,000.
"The end of June saw the end of temporary stamp duty savings for many buyers so we will have to wait for a couple of months to see if the current growth continues. Any slowdown in the growth of prices would be largely welcomed by first time buyers, who are having to find increasingly large deposits to even make it onto the property ladder."
Choose your location?
-
Global
-
Australia
-
France
-
Germany
-
Ireland
-
Italy
-
Poland
-
Qatar
-
Spain
-
UAE
-
UK
Choose your location?
-
Global
-
Australia
-
France
-
Germany
-
Ireland
-
Italy
-
Poland
-
Qatar
-
Spain
-
UAE
-
UK
