Number of £500k house price hotspots up 50% since the start of the pandemic

Savills has upgraded its mainstream market forecasts for this year, predicting 7.5% growth through 2022 and 12.9% over the five years to the end of 2026.

Surging house price inflation has pushed 4.3 million homes into a higher stamp duty bracket since the start of the pandemic, estimates Zoopla.

Coastal homes have seen asking prices rise by 13.9% on average over the last year, outpacing the national average of 9.9%.