House prices are increasing at their fastest rate for more than a decade. These graphics explain why.
. They want bigger homes with room to live and work, as well as a garden, and easy-to-reach coast or countryside.Family homes are more popular, partly because people have reassessed their priorities during Covid lockdowns.However, prices of apartments are still rising - albeit at a slower rate than houses - and there are some signs of buyers taking the chance to make a move into lively cities as Covid restrictions ease.
All this means lots of homes are being sold, certainly compared with the start of the first national lockdown when the housing market was closed. The big spike in March came as buyers and sellers rushed to complete deals ahead the stamp duty holiday expiring at the end of the month.Any saving may well be eroded for buyers because the demand for homes is not being matched by supply.The result are the kind of scenes in which buyers have
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