The Daily Mail have today reported that UK house prices have hit a record high following a post-lockdown boom, with the average home now worth £245,747.

A newly-released report by Halifax said property prices were 5.2% higher than the same month a year earlier and property values were up by 1.6% month on month.

But with household incomes under pressure and job loss announcements mounting, the report said it is 'highly unlikely' that current levels of house price growth will be sustained.

A downward pressure on house prices is expected to build in the medium term, it said.

 Zoopla have also commented that activity in the housing market is now running at its strongest pace for over five years, with the number of newly agreed sales in August up 76 per cent against the five year average. The time it takes to sell a home has shrunk from 39 days to 27 days since lockdown, compared to the same period a year ago.]

 For the full story visit - https://www.dailymail.co.uk/news/article-8705329/Britains-post-lockdown-property-boom-UK-house-prices-hit-record-high.html