Property Investors Weekly News: 04/01/2022
We hope that you are having a fantastic start to 2022 and as usual we’ve pulled together some of the hottest news stories around property investment for your reading pleasure! So strap in, turn off the tv and get ready for some updates:
UK house prices end the year at a record high, with annual price growth in double digits
The UK property market ended 2021 on a record high with the average house price hitting £254,822, up nearly £24,00 over the year. Annual house price growth increased to 10.4%.
2022’s house price growth winners revealed – with Northern towns beating London
The “race for space” between homebuyers has pushed up prices in some UK towns by about a fifth this year, with Taunton topping a list of areas with the biggest increases.
The average price paid for a property in Taunton increased by 21.8% to £315,759 in the 12 months to October, according to the latest data from Halifax.
FTB numbers at 20-year high
According to data released by YBS, the number of first-time buyers has gone above 400,000 for the first time since before the Great Financial Crisis.