House prices across the UK grew at the fastest pace in
March since shortly before the financial crisis hit in 2007, according to
official figures. With buyers rushing to take advantage of the government’s
stamp duty holiday, extended to the end of June, the average UK house price
climbed 10.2% in the year to March, up from 9.2% in February. This is the
highest annual growth rate the UK has seen since August 2007, said the Office
for National Statistics. The average UK property cost £256,000 in March,
£24,000 more than in March 2020. Prices rose 2.1% between February and March.
Read more on the Guardian website.
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