Wales reported the biggest annual increase in house prices, with a 14.5% rise in the year to December
A terrace of residential houses on Lowndes Square, Belgravia, London, UK on Thursday, January 7 2021. Picture: BLOOMBERG/HOLLIE ADAMS
House prices rose 1.1% in December alone, the same increase as in November, and recorded their biggest quarterly rise since November 2006. Halifax said multiple factors had encouraged people in Britain to buy a new home, including greater demand for space for homeworking, a shortage of other spending opportunities and a tax break on purchases that expired at the end of September.
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