Country house price inflation hits a four-year high, ‘driven by a race for space post-lockdown’
“Despite a challenging economic outlook, people’s desire to get on with their lives after years of political uncertainty followed by lockdown has seen the property market continue to defy gravity," says Knight Frank, "although there are signs that it is starting to normalise."
Country house price growth hits a six-year high
Savills, Knight Frank and Hamptons have all reported a booming country house market.
Property owners are becoming more bullish on house price growth this year
2021's property market is likely to be "less of a roller-coaster ride" than 2020, suggests Knight Frank, as the firm stands by its forecast of 0% growth for UK house prices in the year ahead.
House price inflation climbs to 5.4% – UK HPI
The official house price index indicates that property prices are rising at the fastest rate since 2016. In London, however, the average property value dropped by 1.2% in October.
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