House prices surged 5.4% in October to hit new record high, say Land Registry

Albeit slightly historic, this morning's figures from the Land Registry paint a picture of a housing market that has certainly done more than just survive lockdown. (Please click or tap the picture to find out more)

According to the numbers, average house prices in the UK were up by 5.4% in the year to October, a rise of 4.3% in the year to September and the highest annual growth rate the UK has seen since October 2016, with prices hitting a new record high of £245,000.

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Source: Property Reporter

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House Price Rises in the Last 50 Years

The graphic illustrates the staggering percentage increases in house prices across various regions of the UK over the last 50 years. The data, sourced from Land Registry, Denton House Research and Nationwide, sheds light on how each part of the UK has seen unprecedented growth.

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