House price growth at fastest rate since 2007: Halifax

House price growth at fastest rate since 2007: Halifax

Despite the ongoing pandemic and wider economic challenges of 2021, average property prices hit new record highs eight times during 2021, breaking records once again in December to stand at £276,091.

The latest figures released by Halifax this morning have shown that house prices increased by over £24,500 in 2021, the largest annual cash rise since March 2003, but are expected to slow in 2022. To continue reading, please Click Here


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Over the past three years, the number of homes for sale has surged dramatically, far outpacing the national rise. Yet, despite the increase, supply remains tighter than in past downturns. With more choice for buyers, success now depends on smart, realistic pricing that stands out in a competitive market.

Rents have surged unevenly in recent years, revealing a striking divide shaped by shifting incomes and tenant affordability. While some areas have seen rapid momentum, others have moved more steadily, exposing a complex landscape that reflects economic pressures and evolving demand in communities.

Fresh market insights reveal that homes are still taking longer to sell, with many remaining unsold. This shift highlights how crucial realistic pricing is from the start. Properties priced correctly attract more interest and sell faster, avoiding price cuts and the frustration of lingering on the market.

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